Date: 02 February 2019 , 19:55
News ID: 3520
NEWS SERVICE: ECONOMY and TRADE

Commission Sets Ceiling for Income Tax Exemption

Majlis Joint Commission, the parliamentary body responsible for reviewing the budget bill, on Wednesday approved that those with a monthly income of less than 27.5 million rials ($230) will be exempt from paying income tax in the next fiscal year (March 2019-20), IRNA quoted the commission's rapporteur, Mohammad Mehdi Mofatteh, as saying.
Commission Sets Ceiling for Income Tax Exemption

“Next year’s income tax system for those earning more than this figure will be a progressive one, meaning people with higher incomes will pay higher tax rates," he said, adding that Majlis Joint Commission also approved a 20% rise in the salaries of all government employees.

source: Financial Tribune
Majlis budget Mohammad Mehdi Mofatteh Tax
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