VOL. XLIII

No. 36

4-September-2000

IRAN

...Amidst A Climate Of Uncertainty Over Ongoing Reform

The investment climate of today leaves a lot to be desired, sources in Tehran say, and there is an urgent need for appropriate, enforceable and transparent legislation that provides real incentives to investors. The current taxation system in Iran is complex and enforced arbitrarily. Foreign companies are taxed on estimated profits at a rate of 12-45% of receipts, depending on the type of contract or...