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  • 16-12-21

    Iranian government bullish on capital market growth for next year

    (MENAFN) According to IRNA, a capital market specialist supposes the national budget bill for the upcoming Iranian calendar year (starts on March 21, 2022) shows that the government has a more optimistic outlook on the stock exchange for next year.

    Based on Peyman Hadadi, the division of a distinct budget for the Capital Market Development and Stabilization Fund illustrates that the government is implementing the needed procedures to give greater support for the market and to guarantee its development in the future.

    As Hadadi stated, “the allocation of a budget line for the Capital Market Development and Stabilization Fund is considered one of the most important points of the [Iranian calendar year] 1401 budget bill.”

    The specialist also referred to the imposition of tax on rival markets and that involves the housing market as another significant and powerful change in the upcoming budget bill and stated: “Taxation of luxury cars and expensive housing, along with taxation of bank deposits of legal entities, is also one of the important issues that should be appreciated about the budget bill.”

    MENAFN16122021000045013568ID1103374962

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