Import of Iron and Scrap Metal from Iraq and Afghanistan Prohibited

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Nourlaw.com- Tehran-23 April 2017- The Trade Promotion Organization of Iran in its letter No. 96/210/4116 dated 3/02/1396 (23 April 2017) to the Iran Customs has declared that since the iron and other metal scraps of Iraq and Afghanistan might be harmful due to  chemical and dangerous radioactive contamination and non-detonated explosives, therefore importation of such items shall be prohibited as before.

Foreign Finance and Financial Facilities Exempt from Taxation in Iran

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Nourlaw.com- Tehran- 9 April 2017-  According to the Law of Permanent Rules of the Development Plans of the Country, passed by the parliament on 10/11/1395 (29 January 2017), a particular tax exemption was set for foreigners financing Iranian projects. The incentive was published in the Official Gazette today.

Article 41 of the said law stipulates: “If introduced by the Central Bank of the Islamic Republic of Iran and approved by the Minister of Economic Affairs and Finance, foreign juridical persons residing abroad and granting facilities and finance to Iran, shall be exempt from payment of the tax foreseen in Article 107 of the amendment made to the Direct Taxation Act on 31/04/1394 (22 July 2015)”.

Article 107 stipulates that, depending on the case, the foreign natural and juridical persons residing abroad shall be taxed on the basis of 10% to 40% of the total sums acquired by them within one fiscal year in Iran or from Iran with respect to designing plans for construction and installations, topographical surveying, cartography, supervision and technical calculations, training and technical assistance, transfer of technical know-how, other services and assignment of concessions and other rights as well as ceding of movie profit rights (earned as box office receipts, screening rights, or otherwise).

Agreement on Social Security Concluded between Iran and Turkey

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Nourlaw.com- Tehran- 18 March 2017- According to the Official Gazette of today, the Iranian parliament approved on 27/11/1395 (15 February 2017) The Law of Agreement between the Government of the Islamic Republic of Iran and the Government of the Republic of Turkey.

Article 3 of the 32-article accord states: “The purport of this agreement applies to the persons who have been subject to the laws of each or both contracting parties and/or are presently subject to the laws of each contracting party, as well as the family members of the said persons and their heirs, unless foreseen otherwise in this Agreement”.

In light of Article 4 of the agreement, nationals of a contracting party residing in the territory of the other contracting party,  shall have the same rights and obligations  applying to the nationals of the latter party, as far as the purport of the Agreement allows.

30 April 2017

CBI Official rates TEHRAN 30 April 2017 (Source: CBI Website)

Currency Rate
USD 32,442
JPY100 29,094
EUR 35,368
GBP 42,007
CHF 32,637

Open market rates for major foreign currencies
Tehran, 30 April 2017 (Source: Mehr News Agency)

Currency Rate
US Dollar 37800
(EU) Euro 41770
British Pound 48980

* CBI = Central Bank of the Islamic Republic of Iran

29 April 2017

CBI Official rates TEHRAN 29 April 2017 (Source: CBI Website)

Currency Rate
USD 32,442
JPY100 29,094
EUR 35,368
GBP 42,007
CHF 32,637

Open market rates for major foreign currencies
Tehran, 29 April 2017 (Source: Kish Forex Dealing Agency)

Currency Rate
US Dollar 38177
(EU) Euro 41742
British Pound NA

* CBI = Central Bank of the Islamic Republic of Iran

27 April 2017

CBI Official rates TEHRAN 27 April 2017 (Source: CBI Website)

Currency Rate
USD 32,439
JPY100 29,170
EUR 35,403
GBP 41,755
CHF 32,682

Open market rates for major foreign currencies
Tehran, 27 April 2017 (Source: Kish Forex Dealing Agency)

Currency Rate
US Dollar 38195
(EU) Euro 41787
British Pound NA

* CBI = Central Bank of the Islamic Republic of Iran

26 April 2017

CBI Official rates TEHRAN 26 April 2017 (Source: CBI Website)

Currency Rate
USD 32,435
JPY100 29,165
EUR 35,482
GBP 41,640
CHF 32,685

Open market rates for major foreign currencies
Tehran, 26 April 2017 (Source: Mehr News Agency)

Currency Rate
US Dollar 37610
(EU) Euro 41610
British Pound 48250

* CBI = Central Bank of the Islamic Republic of Iran

24 April 2017

CBI Official rates TEHRAN 24 April 2017 (Source: CBI Website)

Currency Rate
USD 32,437
JPY100 29,469
EUR 35,169
GBP 41,514
CHF 32,545

Open market rates for major foreign currencies
Tehran, 24 April 2017 (Source: Mehr News Agency)

Currency Rate
US Dollar 37530
(EU) Euro 41260
British Pound 48090

* CBI = Central Bank of the Islamic Republic of Iran

23 April 2017

CBI Official rates TEHRAN 23 April 2017 (Source: CBI Website)

Currency Rate
USD 32,439
JPY100 29,739
EUR 34,791
GBP 41,574
CHF 32,577

Open market rates for major foreign currencies
Tehran, 23 April 2017 (Source: Mehr News Agency)

Currency Rate
US Dollar 37520
(EU) Euro 40930
British Pound 41570

* CBI = Central Bank of the Islamic Republic of Iran

22 April 2017

CBI Official rates TEHRAN 22 April 2017 (Source: CBI Website)

Currency Rate
USD 32,439
JPY100 29,739
EUR 34,791
GBP 41,574
CHF 32,577

Open market rates for major foreign currencies
Tehran, 22 April 2017 (Source: Mehr News Agency)

Currency Rate
US Dollar 37480
(EU) Euro 40710
British Pound 47860

* CBI = Central Bank of the Islamic Republic of Iran