TEHRAN: The Iranian government’s revenues through imports reached 54,800 billion rials (each USD makes 35,700 rials) during the first seven months of the current fiscal year (started March 20), 11 percent more year-on-year.
The predicted import tax revenues in budget for the same time period was 102,900 billion rials, which indicates that the forecasted incomes is materialized by only 53 percent, the country’s Central Bank said.
Iran imported $27.8 billion worth of goods during the 7-month period, which indicates a 15 percent rise in terms of value, compared to the same period of the preceding year.
Iran’s budget foresees 173,800 billion rials of revenues through import taxes for current fiscal year (to end on March 2018).
The Iranian government’s revenues through car imports registered a fall by 53.6 percent during the first seven months of the current fiscal year (March 20-Oct. 22).
Meanwhile the country’s car imports during the same period witnessed a rise by 26 percent. Iran imported 48,667 cars, worth $1.299 billion, during the first five months of the current fiscal year.
The government revenues of car import taxes stood at 3,000 billion rials, which is significantly below the forecasted figure (19,000 billion rials).
Only 15.8 percent of the envisaged revenues via car imports have been realized during the 7-month period, according to the CBI.
Iran’s total tax revenues amounted to 526.4 trillion rials in the period, 2.7 percent more year-on-year.
Iranian administration earned 261.3 trillion rials of direct and 265.1 trillion rials of indirect taxes during the first seven months of the current fiscal year.
The country’s revenue from taxes is projected to hit 1,164.6 trillion rials by March 2018, according to the current year’s budget.
