Iran postpones VAT after strikes

President Ahmadinejad has postponed the introduction of VAT in Iran after nationwide strikes from shopkeepers.

Iranian bazaars had staged strikes to protest against the 3% levy, which came in on September 22.

'In a bid to implement correct tax law and remove the obstacles and problems facing the correct execution of the law, the plan will be on hold for the next two months,' Ahmadinejad wrote in a letter to Economy Minister Shamseddin Hosseini.

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