Stock transfer tax on the stock exchange

Stock transfer tax on the stock exchange

Repeated Article 143 of the Direct Taxes Law:

From every transfer of shares and pre-emptive rights of shares of companies, both Iranian and foreign, in stock exchanges or licensed over-the-counter markets, a lump sum tax of half percent (0.5%) of the sale value of shares and pre-emptive shares will be collected, and for this reason No other amount will be demanded as tax on the income of share transfer and pre-emptive right of shares and value added tax on purchase and sale.

Brokers of stock exchanges and over-the-counter markets are required to collect the mentioned tax from the transferor at the time of each transfer and deposit it into the account designated by the country’s tax affairs organization, and within ten days from the date of transfer, the receipt along with a list containing the number and amount The sale of shares and the transfer of pre-emptive rights should be sent to the local tax affairs department.

note 1:

All the incomes of the investment fund within the framework of this law and all the incomes from investing in securities subject to paragraph (24) of article (1) of the Islamic Republic of Iran Securities Market approved in 2014 [2] and the incomes from the transfer of these securities or the incomes from Their issuance and cancellation are exempted from paying income tax and value added tax subject to the value added tax law approved on 3/2/1387, and no tax will be required for their transfer and issuance and cancellation of the mentioned securities.

Note 2:

The interest and fee paid or allocated for the securities subject to Note (1) of this article, except for the dividends and shares of companies and the interest of investment certificates of funds, subject to the registration of the said securities with the organization, are among the acceptable expenses for determining the taxable income of the issuer of these securities. is considered .

Note 3:

If any natural or legal person residing in Iran who is a shareholder of a company admitted to the stock exchange or over-the-counter market, sells his shares or pre-emptive rights in foreign stock exchanges or foreign markets, no tax will be charged for this in Iran.

Note 4:

The investment fund is not allowed to do any other economic activity outside of the licenses issued by the organization.

Note 5

The transfer of market management securities by market operators licensed by the Stock Exchange and Securities Organization on the stock exchange and over the counter are exempted from paying the flat tax of half percent (0.5%) of this article.

Financial Tax Group of Iran Consultants Authority

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