Quick overview of the changes in the direct taxes law
1- Amending 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 property rental tax 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 trading value of real estate is determined by the Real Estate Calendar Commission, which in the first year of the implementation of the amendment law will be equal to two percent of the daily price of the region, and in the following years, it will increase by two units annually until the trading value of each region reaches twenty percent of the average daily price. reach
7- The obligation of municipalities to report every issue of building permits 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 rate of income tax on salaries of government and non-government employees in excess of the prescribed annual tax exemption, 10% to seven times that; And its surplus is 20%.
10- Employers’ payments to natural persons, such as the right to consult, the right to attend meetings, the right to investigate and the right to research, will be subject to a withholding tax at the rate of ten percent.
11- The deadline for submission of tax returns of taxpayers will be the end of June every year.
12- The withholding tax subject to Article 104 of the Civil Code will be removed.
13- The personal income tax rate 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 increase in price due to 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 obliged to provide the circulation of all bank accounts of individuals, both current and deposit, to the tax affairs organization.
17- Establishing a tax inspection unit in the country’s tax affairs organization in order to control the books, documents and documents of taxpayers, both manual and machine.
18- Requirement of notary public offices to send a copy of power of attorney documents without regulatory dismissal regarding movable and immovable property and financial rights to the country’s tax affairs organization within a maximum of 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 Iranian Consultants Authority
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This post is written by Arambnamkhda