Govt. could pave the way for more companies to join capital market
Iran’s Deputy Industry, Mining and Trade Minister Saeed Zarandi says eliminating tax barriers and reforming some of the government policies will allow more productive companies to enter the capital market, IRIB reported.
According to Zarandi, the Industry Ministry has taken some measures for encouraging industrial units and companies to join the capital market since the previous Iranian calendar year (ended on March 19), but there are still some barriers in the way of these companies joining the market.
One of the concerns of such companies that makes them reluctant for entering the stock market is the assessment of their previous financial statements by the government which could mean more taxes for them, the official said.
If the country's tax policies and regulations are more flexible in this regard, and after the companies are listed on the stock exchange, the tax authority wouldn’t assess the financial statements of their previous years, more companies will be interested in entering the stock market, he added.
Zarandi finally noted that using new methods for financing the production sector is the policy of the Industry Ministry, and this necessitates a change of the view for both economic, industrial, and mining activists, as well as those in charge and those involved in the money and capital markets.
source: TehranTimes
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Hedge funds slash bullish wagers on gold over Trump election win
Gold loses some luster after Trump’s decisive win
Resolute Mining says it will pay Mali $160 million in tax dispute
Russia takes aim at US nuclear power by throttling uranium
Aluminum price to average 6% higher in 2024 on strong demand: Fitch
BHP to spend up to $14 billion on Chilean copper expansion
Trump chooses oil fracking boss as energy secretary
Marimaca Copper eyes ASX dual listing to boost Chile project
Osisko Development surges on permitting milestone for Cariboo gold project
Earth AI, Legacy Minerals make first greenfield palladium discovery using artificial intelligence
Mexico’s proposed higher mining royalties could block nearly $7bn in investments
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Marimaca Copper eyes ASX dual listing to boost Chile project
Osisko Development surges on permitting milestone for Cariboo gold project
Earth AI, Legacy Minerals make first greenfield palladium discovery using artificial intelligence
Mexico’s proposed higher mining royalties could block nearly $7bn in investments
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project