An overview of the changes made in the law of direct taxes
1) Amendment of the inheritance tax rate, and some rules governing it.
2) Prohibiting banks and financial and credit institutions and all governmental and non-governmental legal entities from handing over the property and assets of the deceased to their legal heirs before obtaining a tax collection certificate.
3) Imposition of tax on property that is transferred to heirs or non-heirs by will or vow.
4) The basis of real estate tax collection in any type of contract, both official and normal, cannot be less than 80% of the real estate value table (prepared by the Tax Administration).
5) Collection of rent tax from empty residential units from the second year onwards, in a progressive manner.
6) The transaction value of real estate is determined by the Real Estate Calendar Commission. which in the first year of implementation of the amendment law will be equivalent to two percent of the daily price of the region. And in the following years, it increases by two units annually. until the trading value of each area reaches twenty percent of the average daily prices.
7) Obligation of municipalities to report every issue of building permit and termination of work of individuals to the tax affairs organization in cities with a population of over 100,000 in order to file a tax file.
8) Collecting tax from the profit from the construction and sale of any type of building in addition to the transfer tax.
9) the tax rate on the salary of government and non-government employees in excess of the prescribed annual tax exemption, 10% to seven times it; And compared to its excess, it is 20%.
10) Employers’ payments to natural persons, such as: consultation fee, right to attend meetings, investigation fee, and research fee will be subject to withholding tax at the rate of ten percent.
11) The deadline for submission of tax return of taxpayers will be the end of June every year.
12) Withholding tax under Article 104 of the Civil Code will be removed.
13) The income tax rate for natural persons will be at least 15% and at most 25% in a progressive manner.
14) The condition for accepting tax-acceptable payment expenses above 50 million Rials is payment through the banking system.
15) The price increase resulting from the revaluation of the assets of legal entities in compliance with accounting standards is not subject to income tax.
16) Banks and financial institutions will be required to provide the circulation of all bank accounts of individuals, including: current and deposit, to the Tax Administration.
17) Establishing a tax inspection unit in the country’s tax affairs organization in order to control taxpayers’ offices, documents and documents, both manual and machine.
18) Requiring notary offices to send a copy of the regulatory power of attorney documents regarding movable and immovable property and financial rights to the country’s tax affairs organization at the latest within one month.
19) The penalty for not submitting the tax return for taxpayers subject to the law is 30% of the tax due and 10% for other taxpayers.
20) Crimes and punishments for tax offenders have increased significantly, and in addition, new crimes under the title of tax crimes with sixth degree punishments have been foreseen.
Financial Tax Group of Iran Consultants Authority
https://t.me/joinchat/AcpK2hDmmkZD_JhJS88HaA
This post is written by Arambnamkhda