Expect tax hikes in Iran; Financial Times writes that Rouhani's government is seeking to compensate for the sharp decline in oil revenues
Iranian President Hassan Rouhani said on Sunday, December 8, that the Islamic Republic would reduce its reliance on oil exports by increasing taxes.
According to the Financial Times, he claimed that considering the conditions facing Iran and the possibility of a 70% reduction in Iran's oil revenue, Iran's budget for next year has been designed in a way that is not too dependent on oil revenues and is resistant to sanctions.
According to this British publication, Hassan Rouhani's government plans to increase tax revenues by 13 percent to 1,950 trillion rials.
President Trump, outlining the flaws in the nuclear deal with Iran, withdrew the United States from the agreement and reimposed sanctions against the Islamic Republic, including a ban on buying oil from Iran.
The US government wants to reach an agreement with Iran that includes regional issues, the missile program, and other disputes with the Islamic Republic.
Source: Voice of America
