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(Apr 14, 2009) It was reported on April 8, 2009, that Iran's Taxation Department has raised the tax exemption ceiling to about five million tomans per month for civil servants, judges, and academic members of universities and institutes of higher education and research (1,000 tomans is about US$1). The salaries of such taxpayers will be taxed at a rate of ten percent only after the above exemption and other tax deductions are taken into consideration. The tax deduction ceiling for the current year has been raised by 70 percent, compared to the previous year. (Tax Exemption Ceiling for Civil Servants Raised to [the Equivalent of] $416, HAMSHAHRI DAILY, Apr. 8, 2009, at 1.)
|Author:||Gholam Vafai More by this author|
|Topic:||Taxation More on this topic|
|Jurisdiction:||Iran More about this jurisdiction|
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Last updated: 04/14/2009