Iran reports strong gains in tax revenue from oil sales

16 Nov 2017   Iran

Tax revenue generated from the sale of crude oil and oil products increased more than 80 percent from last year, the Central Bank of Iran reported Wednesday. The bank reported total tax revenues during the six months of the Iranian calendar year, which began March 21, was $15.9 billion, down about 3.6 percent from the same period last year. Total expenses, meanwhile, were up more than 13 percent from last year. Campaigning for a second term in office earlier this year, Iranian President Hassan Rouhani said easing international sanctions and addressing a high rate of inflation were national priorities. As easing sanctions make it somewhere easier to do business in Iran, Rouhani boasted after the elections that banking channels to the […]

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