Doing Business in Iran (Dayarayan) - Pars Times

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anches, representatives, agents and the like, the regulations of the Article 106 of this Act shall apply. Note 1: In cases where the contract operations subject to paragraphs (a) and (b) of this article are wholly or partly assigned to Iranian legal entities as contractors, those making payments to such Iranian contractors should withhold 2.5% of each payment as their on account tax and remit it, within thirty days from the date of payment, to the account to be determined by the State Organization of Tax Affairs. Note 2: If the relevant employer of the contract subject to the paragraph (a) of this article is a ministry, a government institution, a state company or a municipality, then that part of the contract price which is used for purchase of supplies and equipment from domestic or foreign sources shall be exempt from taxation, provided the amounts relevant to those supplies and equipment are included, apart from other items, in the contract or in its further amendments or supplements. Note 3: Branches and agents of foreign companies and banks in Iran that are engaged in gathering information or finding markets in Iran for their parent entities, without having the right to make transactions, and receive remuneration from them against their expenditures, shall not be subject to taxation in respect of such remuneration. Note 4: In cases where foreign contractors assign, wholly or partly, the contract subject to the paragraph (a) of this article to Iranian legal entities as subcontractors, any part of the receipts of the main contractor in respect of the supplies and equipment that are mentioned in the first hand contract but purchased by the subcontractor, will be exempt from taxation. Note 5: The taxable income of the activities subject to the paragraph (a) of the Article 107 hereof, the contracts of which will be concluded from the beginning of the year 1382* onwards, shall be assessed according to the regulations of the Article 106 of this Act. The rule of this Note shall not apply to the remaining part of the activities of the contracts concluded before the year 1382*. Important note: non-residing foreign juridical persons (article (5) above) have not legal ledger (non-registered branch in Iran) they include article (104) and the rate of with holding tax is 5%. 10
What are the rates of income tax from real persons in direct taxes act According to article (13) of direct taxes act the rates of income tax of real persons, except where separate rates are provided under the present act, shall be as follows: Annual taxable income Rates of the excess over up to IRR 30,000,000 15% --- up to IRR 100,000,000 20% IRR 30,000,000 up to IRR 250,000,000 25% IRR 100,000,000 up to IRR 1,000,000,000 30% IRR 250,000,000 over IRR 1,000,000,000 35% IRR 1,000,000,000 How is the tax situation in Iran Free Trade- industrial Zones in Iran According to Article (13) of the Law Concerning the Manner of Administering the Free Trade Industrial Zone of the Islamic Republic of Iran, natural persons and legal entities economically active in such areas, are exempt from payment of direct income tax for a period of 15 years, from the date of operation as stated in their license. What are the legal facilities for investment at free trade & industrial of Iran (Kish, Qeshm, Chahbahar, Jolfa, Anzali, Abadan & Khoramshahr o Unlimited foreign & domestic participation for investment as desired o Simplified & suitable work procedures o Full guarantee for foreign investment & accrued benefits o Free movement of capital o Minimal administrative formalities for the foreigners . Issuing visa for foreign nationals upon their arrival at the airport o 15 years tax exemption for economic activities o Customs duties and commercial charges exemptions for import of raw materials and machineries used in production of goods in the zone o Sale and lease of land for domestic investors and lease of land for foreign in investors o Favorable conditions for foreign and domestic banking operations o Customs duties exemption for the import of goods into the country , made in the free zone based on the added value obtained o Possibility of 100% foreign ownership o Protection of registered trade marks and intellectual property rights o Active management support o Availability of qualified manpower Other Advantages 11
Page 1 and 2: Dayarayan Auditing & Financial Serv
Page 3 and 4: Policy Issues Iran’s five- years
Page 5 and 6: Note 3: Whenever the tax exemption
Page 7 and 8: Work West Europe, USA, Canada, Japa
Page 9: Note 3: At the time of computation
Page 13 and 14: 3. Review and preparation of ground
Page 15 and 16: Which document need to registered b
Page 17 and 18: According to Article (2) of the abo
Page 19 and 20: Executive Regulation Pertaining to
Page 21 and 22: Annexation of one note to Article 3
Page 23 and 24: In cases where supply of a part of
Page 25 and 26: Iranian Labor Law and Employment of
Page 27 and 28: Article 122: The Ministry of Labor
Page 29 and 30: Note 1: The issuance of work visa f
Page 31 and 32: proposed by the Department for Empl
Page 33: Some important Governmental Website

Doing Business in Iran (Dayarayan) - Pars Times

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