Tax on Stocks Plummets as Bear Market Persists

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Tax on stock trade took a drubbing in the first six months of current fiscal year (March 21- Sept 22) under a persistent bearish trend.
Government income from tax on share trade amounted to 33.75 trillion rials ($125 million) in the period, almost a third of the earnings in the corresponding period last year, according to data released by the Central Securities Depository of Iran.  
Known as the financial transaction tax (FTT), tax is levied on buying and selling stocks, bonds and other financial contracts like options and derivatives.
Tax revenue consists of direct taxation and tax on goods and services. Direct taxes include three groups: tax on legal entities, income tax and wealth tax. Tax on stock trade falls under the wealth tax category.


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