Iran Reduces Import VAT on Some Basic Goods
2022-07-15 09:58:02
hebei leimande
Iran Reduces Import VAT on Some Basic Goods
According to IRNA, the country will import wheat, rice, and oil from the time the VAT law goes into effect until the end of 1401, with the approval of the Supreme Leader, according to a letter from Iran's Vice President for Economic Affairs Razai to the Minister of Economy and Finance and the Minister of Agriculture. For seeds, unrefined cooking oil, beans, sugar, poultry, red meat, and tea, the VAT rate was lowered to 1%.
Amin, Iran's Minister of Industry, Mining, and Trade, is quoted in another newspaper as saying that the administration has presented a legislation with 10 sections that would allow for the import of vehicles to begin two or three months after approval. According to Amin, the nation places a high priority on importing affordable cars under $10,000 USD. The country intends to import from China and Europe and has already begun negotiations.
