Iran Press/Iran News: Iran's lawmakers passed the article 10 of the value-added tax law on Sunday.
According to this article, the export of the goods abroad or to free zones actively involved in business and industry through customs registration license will be considered as tax-exempt.
Value-added tax (VAT), or goods and services tax (GST), is a consumption tax levied on value-added. In contrast to sales tax, VAT is neutral with respect to the number of passages that there are between the producer and the final consumer; where sales tax is levied on total value at each stage, the result is a cascade (downstream taxes levied on upstream taxes).
A VAT is an indirect tax, in that the tax is collected from someone who does not bear the entire fee of the tax.
104/214
Read More:
Value Added Tax law is in line with Resistance Economy: Iranian MP
