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Iranian Budget for 2015 Includes Larger than Expected Increase in VAT

|Proposed Changes|Iran
Iran

The Iranian Budget for 2015 was presented on 7 December 2014. The main tax related measure of the budget is an increase in the standard rate for VAT from 7% to 10%. Under previous plans the rate was to increase to 8%.

The proposed change would apply from 21 March 2015.

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