Exemption of Income and Property Tax in Free Zones Explained

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Nourlaw-21 May 2018-Tehran- An Iranian tax authority has clarified the conditions for fully benefiting from tax relief in the free trade-industrial zones. According to the Farsi language Audit News Website (www.accpress.com/news), Mohammad Barzegari, the general manager of the Technical and Auditing Office of the Tax Affairs Organization, in response to an inquiry has stated in his letter of reply dated 20.02.1397 (10 May 2018) that , “According to Article 13 of the Law on the Administration of Free Trade Industrial Zones, any kind of activities of juridical and natural persons for the period of 15 years are exempted from payment of income and property tax as from the date of operation cited in the activity license.”

It should be noted that a parliamentary resolution in 2009 had previously extended the period from 15 to 20 years.