Quick Guide to Import/Export Formalities

    Import Duties The import duties mentioned in the tables of export/import rules and regulations includes the base value of products and the trade profit. Base Value Customs duties, taxes, registration charges, all types of tolls and surcharges collected from the imported merchandise will be collected to form 4% of the customs value of […]

Miscellaneous

102.With which countries has Iran signed the Agreement on the Avoidance of Double Taxation? And are they enforceable at present? Before the Revolution, Iran had signed the Agreement on the Avoidance of Double Taxation with two countries, France and Germany, in 1964. After the Revolution, 19 agreements has been signed worldwide. 103.With which countries has […]

Other Facilities and Exemptions

100.Which facilities are offered by OIETAI for entry visa of foreign investors and experts? OIETAI facilitates visa formalities of foreign investors, including short and long term as well as single and multi entry visas (i.e., 3 year multi entry visa with a 3 months residence permit that is renewable for 1 year), by introducing foreign […]

Tax and Customs Facilities and Exemptions

90.What is meant by tax exemption, and how they are realized? Tax exemption means exemption from payment of tax on income derived from industrial, mining and producing activities. Companies in Iran are required to withhold the tax on dividend, which is considered as natural entities’ tax, and pay it to the relevant tax office (Article […]

Tax & Customs Issues

79.What is the rate of income tax for juridical persons in Iran? The rate of income tax for juridical persons in Iran is 25% of the taxable income (Article 105, Iranian Tax Code). 80.Is an equal rate of tax applicable to all types of company including Iranian as well as foreign companies? The rate of […]

Foreign Exchange Transfers

74.What is meant by the term “foreign exchange transfers”? The term “foreign exchange transfers” refers to transfer of all sums resulting from the performance of a foreign investment and/or other sums to be transferred in the from of foreign exchange. Such transfers are categorized in two: a. Capital transferssuch as dividends, principal capital, capital gain, […]

Foreign Capital

58.What are the types of foreign capital? According to FIPPA, there are various types of foreign capital which, in addition to cash capital, includes all types of non-cash capital comprising of machinery, equipments, parts, raw material, know-how and expertise services. (For more information please see Article(2) of the Implementing Regulation of FIPPA). 59.Are all kinds […]

Admission Regime

51.Which authority is responsible for admission and protection of foreign investments in the Islamic Republic of Iran? The Organization for Investment Economic and Technical Assistance of Iran (OIETAI) is the sole government authority which in accordance with FIPPA is legally empowered to admit and extend legal protections to foreign capital. The license for foreign investment […]

FIPPA

20.What law protects foreign investment in the Islamic Republic of Iran? The law protecting foreign investment in Iran is the Foreign Investment Promotion and Protection Act (FIPPA) ratified in 2002 which is hereinafter referred to as FIPPA. The scope of applicability of the FIPPA extends to the territory of the Islamic Republic of Iran under […]