How much did tax revenues grow in the 1401 budget bill?

How much did tax revenues grow in the 1401 budget bill?

The budget bill for 1401 was presented to the parliament on Sunday of this week by President Raisi. This budget bill announced an increase in tax revenues, so that tax revenues in this year’s budget bill grew by 62 percent.

Tax revenues in the next year’s budget bill were estimated at 532 thousand billion tomans, while in the current year’s budget law, the amount of oil revenues was 329 thousand billion tomans.

Will the tax pressure on current taxpayers increase?

This 62% growth in tax revenues caused a wave of concern among current taxpayers because this tax revenue growth rate was much higher than 40% inflation.

How did this 62% increase in tax revenues happen?

In general, the taxes in the budget are in five general headings of tax on legal entities including (tax on public and private companies), income tax including (tax on salary earners and businesses), wealth tax including (tax on inheritance, stock transfer, Real estate and goodwill and new taxes include taxes on cars and luxury houses and empty houses), import taxes (tariffs and customs duties on imported goods) and finally taxes on goods and services (mainly including value added tax). .

The tax on legal entities in the 1401 budget bill is about 124.8 thousand billion tomans. This means a 109% growth of this type of tax compared to the budget law of 1400.

Income tax also increased by 55% compared to the budget law of 1400 and increased from 54.8 thousand billion tomans to 85 thousand billion tomans.

The wealth tax has been reduced from 34.5 thousand billion tomans in the budget law of 1400 to 27.8 thousand billion tomans.

But how has the wealth tax been reduced and from which areas is this reduction?

Reduction of goodwill transfer tax from 2.3 thousand billion tomans to 1.6 thousand billion tomans

Reduction of share transfer tax from 17.1 thousand billion tomans to 10.4 thousand billion tomans

Increase in real estate transfer tax from 2.3 thousand billion tomans to 4 thousand billion tomans

Expensive residential unit tax remains unchanged (0.7 thousand billion tomans).

Reduction of luxury car tax from 6.6 thousand billion tomans to 5 thousand billion tomans

The tax on empty houses remains unchanged (2 thousand billion tomans).

Import tax increased from 56 thousand billion tomans to 70.6 thousand billion tomans and experienced a growth of 42%.

Tax on goods and services reached 205 thousand billion Tomans with a growth of 64%. This 64% increase is predicted as follows:

Reduction of tax on petroleum products and gasoline from 6.1 thousand billion tomans to 6 thousand billion tomans

Increase in car transfer tax from 2.4 thousand billion tomans to 3.9 thousand billion tomans

Increase in value added tax from 89 thousand billion tomans to 149 thousand billion tomans

In any case, this was the whole story of the 62% growth of tax revenues. The biggest growth in the provincial tax area is considered for legal entities.

This post is written by shadmanamini