The researchers propose the elimination of tax exemptions and recommend the collection of information on taxpayers’ bank accounts The findings of the research also show value added tax rate in Iran needs to increase from 9% to 15% and tax exemptions should decrease from 62% to 40%  Reported by HPMM Group according to FINANCIAL TRIBUNE ;    […]

 Reported by HPMM Group according to FINANCIAL TRIBUNE ; The first day of the sixth meeting of Iran-Qatar Economic Commission was held on Sunday in Doha where economic and business experts from the two countries surveyed issues of mutual interest. The second and final day of the event hosting the two countries’ officials at the ministerial level […]

 Reported by HPMM Group according to FINANCIAL TRIBUNE ;  The Central Bank of Iran has notified rules concerning interest paid to state bodies on their bank deposits. According to the IBENA report on Sunday, most state entities cannot receive any interest on their bank accounts, including current account, short-term and long-term accounts held by government-run or private banks. […]

Reported by HPMM Group according to FINANCIAL TRIBUNE ;  The Central Bank of Iran has updated rules concerning the forex ceiling for travelers when entering or exiting the country. According to a directive published on CBI’s website, travelers who leave the country by air can carry €۵,۰۰۰ or its equivalent in other currencies. The statement adds that passengers […]

 Reported by HPMM Group according to FINANCIAL TRIBUNE ;   Minister of Economic and Finance Affairs Masoud Karbasian called for increasing banking cooperation with Bulgaria, proposing that the EU member state open bank branches in Iran for facilitating bilateral trade. “Bulgaria can have direct banking relations with Iran by establishing bank branches,” Karbasian said in a meeting with […]

The Chinese train, carrying 1,150 ton of sunflower seeds, will travel 8,352 kilometers through Kazakhstan and Turkmenistan, arriving in Tehran in 15 days after it set off from Bayannur on Thursday  Reported by HPMM Group according to FINANCIAL TRIBUNE ;   Afreight train service from Bayannur city in north China’s Inner Mongolia Autonomous Region to Tehran, Iran’s capital, […]

  Reported by HPMM Group according to FINANCIAL TRIBUNE ; Foreign ministers from Germany, France and the UK on Monday will meet with Iranian officials to save the multilateral Iran nuclear agreement strung together by former US president, Barack Obama, and breached unilaterally by US President Donald Trump. Salvaging the agreement would be just the first step in […]

 Reported by HPMM Group according to FINANCIAL TRIBUNE ;The Administrative and Recruitment Organization announced on Friday that a retrospective directive has been issued to all state entities on May 8 for disclosing the full details of payments, including salaries and bonuses, made to their employees. The organization’s website Aro.gov.ir is designed to collect and disseminate information on […]

 Reported by HPMM Group according to FINANCIAL TRIBUNE ;  The London Metal Exchange is maintaining the status quo on its treatment of Iranian aluminum brand IRALCO after the United States said this week it will reintroduce nuclear-related sanctions on Iran, the bourse said in a notice to members on May 10. “The LME does not propose any […]

 Reported by HPMM Group according to FINANCIAL TRIBUNE ; Iran’s banking sector has rebounded in the absence of sanctions lifted under the 2015 nuclear deal and will continue to rebuild its foreign correspondent relations despite the recent US withdrawal from the deal, a senior banking official said. “At the time of signing JCPOA, our banking system was […]