Bill on Capital Gains Tax Under Preparation
Majlis Economic Commission has completed its research on capital gains tax and a related bill will hopefully be reviewed in an open session of the parliament as soon as possible, says the head of Iranian National Tax Administration, Davoud Manzour.
“Once the capital gains tax becomes the law of the land, four commodities, namely housing, gold, foreign currency and automobiles, will be subject to tax. To implement this law, we need to have the necessary infrastructure to calculate profits from the sale or transfer of goods,” he was quoted as saying by Mehr News Agency.
Manzour stressed that trading in capital goods with the purpose of profiting from the rise in prices and gaining an income will be subject to taxation.