{"id":5529,"date":"2018-07-08T03:55:09","date_gmt":"2018-07-08T03:55:09","guid":{"rendered":"http:\/\/en.azpar.com\/?p=5529"},"modified":"2018-07-10T04:03:55","modified_gmt":"2018-07-10T04:03:55","slug":"taxes-lowered-by-80-on-iran-stock-market","status":"publish","type":"post","link":"https:\/\/en.azpar.com\/?p=5529","title":{"rendered":"Taxes lowered by 80% on Iran Stock Market!"},"content":{"rendered":"

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

\u2013 In an attempt to support the pouring money sources into\u00a0Iran Stock Market, the economy coordinating high council has decided to lower taxes on equity sales by 80%. Traders were obliged to pay\u00a00.5% tax upon the sale of their equities\u00a0before and now the figure reduced to only 0.1%.\u00a0<\/span>This could have a massive effect on market depth as day trading trends will rise amid participants. Another important decision for listed corporations was the fact that in case a company decide to transfer a part of its undistributed profit to its capital account and raise capital to perform development plans, the administration will impose no taxes on the revenue streams generating from said plans.<\/p>\n

\u2013 Following the new supportive round of policies, the president Rouhani\u2019s administration eased the export situation for Iron Ore\u2019s sector companies by reducing the\u00a0pellet export tariffs from 15% to only 5%. This incentive will intrigue companies to develop their export activities and justify\u00a0their commitment\u00a0to bring their\u00a0foreign currency revenues at USD\/IRR 42,000 level\u00a0on NIMA platform.<\/p>\n

\u2013 According to a report carried out by Spectator, the Iranian Rial has lost\u00a0around 32% of its value against US dollar. Due to fears about sanctions snap back, the Iranian national currency went through a rough patch during the last couple of months. Analysts believe that a\u00a0plausible reduction in the nation\u2019s oil sales in coming November along with devastating decision\u00a0makings for the country FX regime are the main catalysts behind this historic fall.<\/p>\n

\u2013 CMA CGM company, a French shipping group, has decided to end its Iran related activities after the threats made by us president. The diverse financial transactions and businesses of the group with the united states are announced as the major reason behind the decision to end the cooperation MoU with Iran Shipping line Co.<\/p>\n

In the Market<\/h2>\n

Iranian equities just record a well-balanced\u00a0session today with moderate trade value and volume. Despite the facts that the TEDPIX (-0.18%) ended the day in red and the added sale pressure through the ending bell, the market turnover was just about right. IFEX (0.36%), on the other hand, hit a bit harder and closed on\u00a01,239.99 level.<\/p>\n

Analysts believed\u00a0that the upcoming IPO of\u00a0Iran\u2019s largest petrochemical company, Pars Petrochemical, has its effects on the added sale pressure from retail investors. The performance reports of companies\u00a0realising one after another due to their GMs also made the traders a bit precautious\u00a0towards\u00a0the market.<\/p>\n

Today semi-bearish rally was led largely by\u00a0Iron Ores (-0.98%) with its giants like Gol-e-Gohar (GOLG, -1.83%) and Chador Malou (CHML, -0.35%) performed poorly. The\u00a0quarterly report of CHML showed the company made IRR 142 per share over the first 3 months of 1397 (2018\/19).<\/p>\n

On the flip side, Chemicals (+0.44%), mostly indebted to its mega-cap\u00a0Persian Gulf Petrochemical (PKLJ1, +2.05%), was among the few sectors which ended the day in green. The company is to make a profit from selling a part of is stake at Pars Petrochemical and will realize more earnings per its shares.<\/p>\n

Finally, the heavy weighted component of the IT sector (+1.12%), Iran Informatic Services (INFO1, +3.41%)\u00a0lift the sector up solely and placed 65.70 positive points on the overall index itself. Other names of the industry were seen rather moderate trades amid the session.<\/p>\n

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Source:<\/em><\/p>\n

2018, Taxes lowered by 80% on Iran Stock Market!, Sunday, July 08, p.1,<https:\/\/agahgroup.com<\/a>><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Market News \u2013 In an attempt to support the pouring money sources into\u00a0Iran Stock Market, the economy coordinating high council has decided to lower taxes on equity sales by 80%. Traders were obliged to pay\u00a00.5% tax upon the sale of their equities\u00a0before and now the figure reduced to only 0.1%.\u00a0This could have a massive effect […]<\/p>\n","protected":false},"author":1,"featured_media":5534,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,28,31,1],"tags":[],"class_list":["post-5529","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\/5529","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=5529"}],"version-history":[{"count":4,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/5529\/revisions"}],"predecessor-version":[{"id":5535,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/5529\/revisions\/5535"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/media\/5534"}],"wp:attachment":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}