Exemption of production units from import tax

Exemption of production units from import tax

Exemption of production units from import tax; Raw materials, the Customs of the Islamic Republic of Iran announced the amount of tax on account for all types of imported goods that producers are exempt from paying import tax on raw materials for their products. Which can help increase the country’s tax revenues.

However, despite the tax evasion of many people in various sectors, it is easy to collect taxes from official importers, because the information about their business activities and its amount is completely transparent and available. In this regard, the Iranian Customs The executive customs throughout the country has announced that it indicates how to calculate the tax on the account of different goods.

According to this section, the import of goods (subject to the exceptions mentioned in the main section) is subject to tax on account of four percent of the total value of the goods and related import duties; In other words, the customs value of the goods, calculated by customs experts, is added to the amount of import duty, which is usually a percentage of the value of the goods and based on the exchange rate announced by the central bank, and four percent of it is collected as tax.

Iranian Customs has emphasized that the discovery of any discrepancies that lead to the difference between the value and the input fee, will require the claim for the difference between the relevant tax, based on the difference in value and input fee. Producers are exempt from the said tax, but this exemption only includes the import of goods related to the scope of activity of the production unit, and the import of unrelated goods and the final product of the production units are subject to tax on account.