Receiving taxes on coins, currencies and stocks in the MPs' income tax plan

Recently, in the Islamic Consultative Assembly, the capital income tax bill was announced by the presidium of the Assembly, which could be water on the fire of various markets and reduce brokerage and trade. The details of this plan show that collecting taxes on coins, currencies and stocks is on the agenda of the 11th parliament.

The  bars of gold to the Gulf, one of the MPs XI attention to the development of  the foundations of the tax and the regulator is in the economic sphere. 

Tax bases usually pursue a variety of goals, including social justice, increasing public budget resources, reducing speculation, and  regulating economic sectors .

Recently, in the Islamic Consultative Assembly, the capital income tax bill was announced by  the presidium of the Assembly , which could be water on the fire of various markets and reduce brokerage and trade.

Planned asset markets

In the introduction of this plan, it is stated: ‌ In this regard, the draft law on capital income tax with the aim of supporting productive production and investment, reducing fluctuations in asset markets such as automobiles, housing, gold and currency and also preventing sudden price increases in these markets. it is suggested. The imposition of this tax will reduce the incentive to trade in asset markets and thus prevent unusual price increases in these markets. With traders leaving these markets, real applicants for these assets, including middle- and low- income groups , will find it easier to buy cars and housing, which are essential household assets. Also, those who have benefited from the increase in the price of these assets as a result of speculation in these markets will be obliged to pay part of their profits as a tax to the government in order to be spent for the benefit of the public. 

 One of the provisions of this plan relates to assets and property that are subject to capital gains tax. One of the most important target markets for this tax is coins, currencies and stocks that have been projected.

Persons subject to the capital gains tax scheme

The details of this plan include the persons covered by Article 2:

Article 2: All Iranian and non-Iranian natural and legal persons, both resident and non-resident, shall be subject to capital gains tax in respect of the total income resulting from the transfer of property and assets subject to Article (3) of this law located in Iran. To be.

Property and assets included

Article 3 - Property and assets subject to capital gains tax are as follows:

A- Real estate and assets

1) Real Estate

2) the right to transfer the premises, the subject of the law of direct taxes;

B- Movable property and assets

1) Road, rail, sea and air vehicles and motor vehicles

2) Coins

3) Currency

4) Shares, company shares, preemptive rights and other securities are exempt and not included

Tax rates

Article 5 - The capital income tax rate, which is the subject of this law, is as follows

1)  The tax rate subject to the law for the assets of paragraph (a) of Article (3), based on the period of acquisition, is applied according to the following rates and less than one year, 28%;

After one year, the rate decreases by 2 percentage points annually .

Twelve years and older, 6%

2) Property and assets subject to paragraph (b) of Article 3, with the exception of shares, company shares, preemptive rights and other securities at the rate of twenty (20) percent

3 ) The tax rate subject to the law for assets under (4) paragraph (b) of Article (3), based on the period of acquisition, shall be applied according to the following rates:

Stocks, company shares, pre-emptive rights and other securities: for a period of less than six months at a rate of twenty (20) percent 

Acquisition period of  more than six months up to a maximum of two years at a rate of ten (10) percent 

For the acquisition period of more than two years of the year at the rate of five (5) percent

Note: In cases of multiple purchases and sales of one or more types of shares, the company's share and pre-emptive rights, the capital gain is calculated and its acquisition period is determined based on the order of the date of purchases made from the first purchases of the same share.