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14th ATAIC Conference
Date
Sunday, September 20, 2020

Special Event

9 - 13 December 2017, Tehran


Recent Events
Service of Process of the Law on the Agreement between I.R. Iran and India for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income Law
Service of Process of the Law on the Agreement between I.R. Iran and India for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income Law
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A final step on the Agreement for the Avoidance of Double Taxation between Iran and India
A final step on the Agreement for the Avoidance of Double Taxation between Iran and India, was stressed upon during the meeting between INTA President and Indian Ambassador to Tehran.
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INTAS MEASURES RECENTLY MADE AGAINST CORONA VIRUS (MAY 2020)
Measures that have recently been taken by the Iranian National Tax Administration (INTA) against the outbreak of Corona Virus (Covid-19) can be divided into two parts as follows: A) Intra-Organizational Measures (On the side of Employees) 1) Maintaining the social distancing strategy and moving towards the next...
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Czech Prime Minister Proposes Bank Tax
The ruling Czech Social Democratic Party, led by Prime Minister Bohuslav Sobotka, will introduce a special tax on the countrys banks if it wins elections scheduled for later this year.
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Contact Now
Tel:  +98 21 3396 7446
       +98 21 3990 3822
Fax: +98 21 3396 7420 
Email: h.tajmirriahi@tax.gov.ir
          a.khanjan@tax.gov.ir
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South Korea Achieved Record Tax Revenues In 2016
International Tax News

South Korea Achieved Record Tax Revenues In 2016


South Korea posted a small fiscal surplus in 2016 for a second year running, largely due to an unexpected increased in corporate tax and value-added tax revenues.

According to figures released by the Ministry of Strategy and Finance, the surplus amounted to KRW8 trillion (USD7m) in 2016, following a KRW2.8 trillion surplus in 2015. Despite continued weak growth in the economy, tax revenues amounted to a record KRW242.6 trillion, increasing by KRW24.7 trillion, and exceeding their target by KRW9.8 trillion.

With government policies aimed at maintaining consumer spending, VAT collections reached KRW61.8 trillion, up by KRW7.7 trillion or more than 14 percent.

Despite weak business profits in 2016, the repeal of tax breaks, including a reduction in the amount of previous losses that may be written off against profits, broadened the tax base. Corporate tax revenues rose by 15 percent to KRW52.1 trillion.

Tax-news.com



News Date: 20170000
Czech Prime Minister Proposes Bank Tax
Switzerland Rejects Corporate Tax Reform
UAE Confirms Details For VAT From January 2018
New Zealand Eyes Tax Cuts In Budget
UK To Waive Tax On Deceased Taxpayers ISA Investments

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