TaxCorporate TaxIran postpones VAT after strikes

Iran postpones VAT after strikes

Iranian president postpones plan for two months after shopkeepers protest

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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