03 July 2018 - 21:23

Gov to Levy Heavy Tax on Gold Coin and Foreign Exchange Trades

A member of Iran parliament's economic commission reported that legislative, executive and judiciary powers have interaction to organize markets, saying heavy tax will be levied on foreign exchange and gold coin trades.
News ID : 87940
سکه بهار آزادی

Shahab Naderi said parliament's supervision on markets will be intensified to organize foreign exchange rates, adding strong measures against receiving governmental foreign exchange and selling goods with open foreign exchange rate will be commenced.



He mentioned that the parliament asked for releasing the list of governmental foreign exchange recipients, going on to say that all organizations should have the same step like Ministry of Communications and by releasing the name of governmental foreign exchange recipients to hamper market abuse.



The official highlighted that anti-law performance of some companies has disrupted markets, clarifying besides government and parliament, judiciary power should take a firm step and enters cohesively to cut abuser hands.



Naderi said importer companies purchasing any commodity with governmental foreign exchange rate have to distribute it with the same rate, making remarks that the distribution of the goods with high price with thoes companies has injected tension to markets.



The member of parliament stressed that revealing the name of those people who have bought the most gold coin based on the current situation of the market is essential, adding those individuals purchase the most gold coin are seeking for profiteering to disrupt markets undoubtedly. Hence the government should disclose their name frankly.



He mentioned that levying heavy tax on big gold coin and foreign exchange buyers is required to stabilize prices in markets, emphasizing economic commission of parliament is looking for enacting a law to levy tax based on people's affordability for purchasing gold coin and foreign exchange.



Shahab Naderi said a person who is able to buy a great number of gold coins and foreign exchange, should know not to disobey tax payment according to the law.

He said gold coin and foreign exchange trades in markets should be done with more supervision, continuing that the government should stop middlemen from buying gold coin and foreign exchange.




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