Financial and Banking News
Budgets & Revenues
Iran To Raise Import Taxes
The Iranian Parliament has authorized the government to raise import taxes soas to protect domestic industry. When the government moved last March to imposemarket exchange rates on nearly all forms of economic activity, import taxescontinued to be assessed at the previous, highly overvalued rates for the riyal.As a result, the effect of the taxes in raising the price of imported items was...
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