The government’s decree regarding the payment of currency difference to importers was canceled
With the decision of the Court of Administrative Justice, the resolution of the Council of Ministers regarding the payment of the difference between the exchange rate at the time of supply and the exchange rate in the secondary currency market by importers has been annulled, and according to this, importers who have paid this additional amount since the notification of the resolution can return the deposit amount. take
The reason for the cancellation of this resolution was the impossibility of referring to us precedents in definite contracts.
Based on the details of the Government Economic Commission’s approval of the Direct Taxes Law amendment bill that is being reviewed by the government board, the income tax rates based on the ownership period have changed compared to the previous draft text.
Based on this, if the owners sell a property that has been less than a year since they bought it, after deducting the general inflation, 50% of the earned income or profit from the sale of the residential unit should be given as pay taxes For example, if a person has earned 100% profit on the apartment purchased last year or in recent months and the general inflation rate is 30%, 70% of the capital gains from the sale of the property will be subject to value added tax calculation. That is, if a person sells a residential unit a year or less after buying it, he must pay 50% of the 70% of the profit to the government as a tax.
According to the new changes, 10% of the mentioned rate (50%) will be reduced for every year up to 4 years. This means that in the second year, a person must pay 40% of the income earned from the sale of housing after deducting inflation, in the third year, 30%, in the fourth year, 20%, and in the fourth year and more, the equivalent of 10% of his profit as tax. Pay the added value of housing.
This is despite the fact that in the draft presented by the Ministry of Economy, the income tax rates based on the ownership period for the sale of a unit within a period of one year and less were 25%. Also, for more than one year to six years, the rate was reduced by 2.5 percentage points per year, and for seven years and more, it was 10%.
Mehdi Koh Soltani (financial services, accounting, financial and tax consultant):
The group of accountants and auditors of Tabriz
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