{"id":4805,"date":"2018-03-12T05:34:48","date_gmt":"2018-03-12T05:34:48","guid":{"rendered":"http:\/\/en.azpar.com\/?p=4805"},"modified":"2018-03-13T05:37:36","modified_gmt":"2018-03-13T05:37:36","slug":"irans-economy-tax-to-beat-oil-on-national-revenues","status":"publish","type":"post","link":"https:\/\/en.azpar.com\/?p=4805","title":{"rendered":"Iran\u2019s Economy; Tax to beat Oil on national revenues!"},"content":{"rendered":"

Market News<\/strong><\/h2>\n

\u2013 According to the\u00a0Central Bank of Iran\u2019s (CBI) statistics, the government\u2019s\u00a0tax income\u00a0has surpassed its oil revenue of\u00a0Iran\u2019s Economy\u00a0by IRR 76,000 in the first 10 months of the current year. In this regard, the Minister of Economic Affairs and Finance released a plan to revive the country\u2019s current tax system in 2018\/19 which contains 3 new tax bases as well as organizing tax exemption schemes mostly through lowering its ceiling in free trade zones and agriculture sector among other things.<\/span><\/p>\n

\u2013 A task force made up representatives from the\u00a0Securities and Exchange Organization of Iran, the Central Bank of Iran, the Audit Organization plus the\u00a0Iranian National Tax Administration\u00a0is planned to be formed to pave grounds for banks to standardize their financial statements tackling the current issues and problems they are dealing with.<\/p>\n

\u2013 Following President Rouhani\u2019s recent trip to India,\u00a0Bank Pasargad\u00a0has now received the green light to open\u00a0a branch there in Mumbai\u00a0and is also planning to expand its activities by setting up other branches in Delhi in the near future as well.<\/p>\n

In the Market<\/strong><\/h2>\n

Stocks advanced on Monday, climbing steadily over the course of the session, as investors finally cheered the recent downfalls of the market and realized the opportunities on these price levels. TEDPIX gained some of its previous losses, advanced for +0.17% and stood at 96,194.19 level. IFEX ended the day in green as well growing +0.15%. and stayed above 1,800 level.<\/p>\n

The upcoming IPO of tomorrow dragged most\u00a0Computer<\/strong>\u00a0companies into the green early in the session. Iran Arqam faced a buy queue and Iran Data Processing nearly finished in the +4% zone.<\/p>\n

Today, the\u00a0Iron Ore<\/strong>\u00a0space saw better trades compared to the recent sessions. After its +30% EPS adjustment, Bama Company ticker returned to the market at IRR 9,350 shedding 3.2%; the company stepped down from participating in Iran Zinc Mines Development share block offering.<\/p>\n

Similar sentiment was seen among the\u00a0Oil Products<\/strong>\u00a0group.<\/p>\n

Mellat Financial Group is planning to offer 1.73%, equal to 537,784,000 shares, of & Metals Development on behalf of Bank Mellat Brokerage on March 17th<\/sup>\u00a0at IRR 2200 as the base price. Mellat Investment ticker in the\u00a0Investment<\/strong>\u00a0industry was halted. Despite reopening 10% higher in today\u2019s affair, Iranian Investment Development went through sales pressure and faced a sell queue.<\/p>\n

The\u00a0Transportation<\/strong>\u00a0sector was highly demanded with Tuka Transportation and Tuka Rail facing buy queues.<\/p>\n

Finally, spare part mfg. tickers in the\u00a0Automotive<\/strong>\u00a0space saw positive movements with some like Tolid Mehvar Khodro, Mehvarsazan Iran Khodro and Irka Part San\u2019at went up by 4% and 3%.<\/p>\n

\"Iran\u2019s<\/a><\/p>\n

\"Iran\u2019s<\/a><\/p>\n

\"Iran\u2019s<\/a><\/p>\n

\"Iran\u2019s<\/a><\/p>\n

Source:<\/p>\n

2018, Iran\u2019s Economy; Tax to beat Oil on national revenues!, Monday, March 12, p.1,<https:\/\/agahgroup.com<\/a><\/em>><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Market News \u2013 According to the\u00a0Central Bank of Iran\u2019s (CBI) statistics, the government\u2019s\u00a0tax income\u00a0has surpassed its oil revenue of\u00a0Iran\u2019s Economy\u00a0by IRR 76,000 in the first 10 months of the current year. In this regard, the Minister of Economic Affairs and Finance released a plan to revive the country\u2019s current tax system in 2018\/19 which contains […]<\/p>\n","protected":false},"author":1,"featured_media":4809,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,28,31,1],"tags":[],"class_list":["post-4805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-news","category-news-events","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/4805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4805"}],"version-history":[{"count":3,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/4805\/revisions"}],"predecessor-version":[{"id":4810,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/4805\/revisions\/4810"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/media\/4809"}],"wp:attachment":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}