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Tax Incentive for Production Sector

The government confirmed a 5 percent tax reduction for production. Based on the recent decision by the Cabinet, production tax reduced to 20 percent from previous 25.

The government confirmed a 5 percent tax reduction for production. Based on the recent decision by the Cabinet, production tax was reduced to 20 percent from the previous 25.

It is believed that the new decision will no doubt pave the way to regain the market bloom. This will lead to investment attraction in the field of the production sector. An increase in profits and decrease in production costs is a promising sign of glory for Iranian major industries as steel, vehicles, and petrochemical sectors.

Furthermore, this decision will positively affect the profit margins of listed companies, therefore, be a good sentiment for the capital market bullish trend.