Iran’s tax receipts up 54% in 11 months to late Feb.

Figures by the Iranian National Tax Administration (INTA) show that government’s tax revenues increased by more than a half in the 11 months to February 19.

INTA’s head of planning and statistics Mojtaba Amiri said on Wednesday that Iranian tax receipts had reached more than 4,280 trillion rials ($8.5 billion) between March 2022 and February this year, up 54% from the same previous period.

Amiri said that tax revenues collected in Iran over the period had exceeded targets set in the current calendar year’s budget by some 103%.

Iran’s direct tax revenues rose by 59% year on year in the 11 months to late February to reach over 2,660 trillion rials, said Amiri.

He added that indirect tax revenues collected from levies on goods and services over teh same period had reached some 1,620 trillion rials, an increase of 48% compared with the period between March 2021 and February last year.

The official said increased tax revenues were mainly a result of Iran's stricter controls on tax evasion.

He added that the government had offered more tax credits and exemptions to manufacturers and enterprises over the past 11 months to help boost economic activity in the country.

Iran has sought to rely more on tax revenues in recent years to offset the impact of US sanctions on its crude oil exports.

The INTA says it has made increased use of modern technologies to prevent tax evasion and increase its receipts.

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