Majlis Will Not Tax CBI

Lawmakers on Monday put on hold a decision to tax the foreign exchange revenues of the Central Bank of Iran after the CBI governor asked them to rethink the move.

Financial Tribune- Lawmakers wanted to amend a measure to tax the CBI in the next budget, but agreed to send the proposal to the Budget and Plan Commission for further review after the CBI boss Abdolnasser Hemmati argued against it.
According the parliamentary news website ICANA, Hemmati told lawmakers that if the measure, which obliges the CBI to pay as much as 186 trillion rials in taxes, becomes law the CBI will have to be taxed for "unrealized profit."

Publish Date: Jan 28, 2019