{"id":4894,"date":"2018-04-03T08:58:51","date_gmt":"2018-04-03T08:58:51","guid":{"rendered":"http:\/\/en.azpar.com\/?p=4894"},"modified":"2018-04-06T06:21:39","modified_gmt":"2018-04-06T06:21:39","slug":"iran-to-cut-corporate-tax-by-5","status":"publish","type":"post","link":"https:\/\/en.azpar.com\/?p=4894","title":{"rendered":"Iran to cut corporate tax by 5%!"},"content":{"rendered":"

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

\u2013 Following the administration\u2019s corrective tax policies and according to the head of\u00a0Majlis Economic Commission, the\u00a0Value Added Tax\u00a0bill will go through infrastructural reforms until the end of spring, based on which, the producers are no longer subjected to pay\u00a0VAT. This caused the 90% of production sector difficulties over the recent years mostly because of weak enforcement. Moreover, the reform agenda also suggests a 5% cut in Iranian companies\u2019 corporate tax from 25% to 20% which seems to be pre-consented by the government itself.<\/span><\/p>\n

\u2013 Referring to the continuance of its efforts to\u00a0unify the foreign exchange rates\u00a0along with limiting the use of official\u00a0USD\/IRR\u00a0rate, the governor of the\u00a0Central Bank of Iran\u00a0announced that they are focused on improving its\u00a0international banking relations\u00a0and activities as well as attracting\u00a0foreign investment; this goal is to be achieved through reducing risks, improving business environment and promoting transparency. Furthermore, the CBI put the country\u2019s\u00a0inflation rate\u00a0at the end of Esfand month (Feb-Mar, 2018) at 9.6%, while it had announced the rate for the previous month at 9.9%;\u00a0Iran\u2019s economy\u00a0had experienced a 9.1% inflation rate in the previous year ended March 2017. Based on the CBI statistics, this is the second consecutive year with a single digit inflation rate.<\/p>\n

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

Iranian equities registered rather mild gains on today\u2019s session. The TEDPIX raised 147.25 points, or 0.15%, 97,086.17, hiking to its highest level since mid-November while IFEX jumped 0.56% and stood well above 1,100 level.<\/p>\n

Following China reducing its iron ore production and export because of increasing environmental threats among other factors, the\u00a0Metals<\/strong>\u00a0and\u00a0Iron Ore<\/strong>groups saw a rise in demand. Iran Manganese Mines ticker, listed on the latter, returned to the market 5% higher at IRR 7,967. Besides, in the first 2 months of 2018, 4.46 mn tons of steel have been produced in the country, posting a nearly 50% rise compared to the similar period last year.<\/p>\n

In tandem with oil price drop in global markets, the\u00a0Oil Products<\/strong>\u00a0space went through low volume trades settling in the red.<\/p>\n

In today\u2019s session, Saipa Diesel ticker attracted much attention right from the start due to the transportation fleet renovation scheme; the continuance of this buy queue dragged other names in the\u00a0Automotive<\/strong>\u00a0group into the green.<\/p>\n

The Minister of Roads and Urban Development also announced the increase of housing loan to IRR 2,000 mn (cUSD 41 K). A rather balanced atmosphere dominated the\u00a0Housing<\/strong>\u00a0space.<\/p>\n

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Source:<\/p>\n

2018, Iran to cut corporate tax by 5%!, Tuesday, April 3, p.1,<https:\/\/agahgroup.com<\/a><\/em>><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Market News \u2013 Following the administration\u2019s corrective tax policies and according to the head of\u00a0Majlis Economic Commission, the\u00a0Value Added Tax\u00a0bill will go through infrastructural reforms until the end of spring, based on which, the producers are no longer subjected to pay\u00a0VAT. This caused the 90% of production sector difficulties over the recent years mostly because […]<\/p>\n","protected":false},"author":1,"featured_media":4896,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,28,31,1],"tags":[],"class_list":["post-4894","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\/4894","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=4894"}],"version-history":[{"count":4,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/4894\/revisions"}],"predecessor-version":[{"id":4919,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/4894\/revisions\/4919"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/media\/4896"}],"wp:attachment":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}