Taxes on luxurious homes, automobiles, that are to be levied for the reason that finish of Might

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Taxes on luxury houses, cars, which are to be levied since the end of May

Tehran: The head of the National Tax Administration of Iran (INTA) said taxes on luxury houses and cars have been levied since the third Iranian calendar month in Khordad (beginning May 21).

Omid-Ali Parsa said that by then the individuals who levy taxes on luxury cars and homes will be identified and reported about the issue.

On the sidelines of the deregulation committee meeting, the official added, “Under the budget law, houses valued at more than 100 billion rials (about $ 2.38 million) will be taxed this year.”

For luxury cars, if the total value of the cars of a person and their children under the age of 18 is more than 10 billion rials (about $ 238,095), it will be subject to the tax, he added.

Meanwhile, the Deputy Minister of Transport and Urban Development announced last week that vacancy taxes would be deposited in the National Housing Fund to provide housing for the low-income people.

Mahmoud Mahmoudzadeh said: “The real estate and housing system is a fundamental measure to determine the housing situation in the country. The goal is not just taxes, but the main program is to identify the living conditions of households for housing planning. “

The official said any tax levied on vacant homes goes directly to the National Housing Fund and is used as a facility for housing low-income people. It is a mistake to believe that the government created this system in order to increase tax revenues.

At the end of March, the head of the Iranian National Tax Administration announced that the first tax on vacant houses would be due in the fifth Iranian calendar month of Mordad (July 23 – August 22), adding that the tax will be half the value of the monthly rent of the property.

Parsa announced in early February that the rules for the tax on homes and luxury cars would be announced soon, adding that this annual tax had been levied and a heavy fine had been imposed on those who run away from it.

Last October, the Minister of Transport and Urban Development, Mohammad Eslami, announced that the ministry had forwarded a list of 194,000 vacant residential units to the Iranian national tax administration in order to tax them under the new vacancy tax law.

The minister said that the owners of these houses had been informed of this via SMS.

In September 2020, Mahmoudzadeh stated that in the first phase of the implementation of the program to collect taxes from the country’s vacant housing units, only units belonging to natural persons will be affected.

The Iranian parliament (Majlis) approved the double emergency plan of the vacancy tax law in mid-July 2020.

The aforementioned plan is primarily aimed at lowering the rental price of residential property in the country.

MUMMY