• time : 10:15:59
  • Date : Tue Jun 16, 2020
  • news code : 194779
The Ministry of Economy has no plans to impose CGT on the capital market
The Minister of Economic Affairs and Finance of Iran stated at the 59th session of the Government-Private Sector Dialogue Council that the Ministry has no plans to impose a capital gains tax on the capital market.

(SHADA: TEHRAN) -- At the beginning of the session, Farhad Dejpasand, Minister of Economic Affairs and Finance and Chairman of the Government-Private Sector Dialogue Council, pointed to the impact of the Coronavirus outbreak on the world economy, and said: We were able to become the exporter of some of the items needed to fight the coronavirus, despite the urgent need to import some of them. This fact has an important message and shows that economic capacities in Iran are flourishing with effective care and support.

The Minister of Economy further pointed out the favorable conditions of the capital market and the government's view on this market and stated that the offering of stocks in the capital market must continue. He cited the offering of other government stocks in state-owned companies in the form of exchange-traded funds (ETFs) as an example of this policy.

The Chairman of the Government-Private Sector Dialogue Council announced the holding of a meeting with more than 30 large private companies and added: We asked these companies to use the capital market capacities to finance themselves.

Pointing to the launch of the business single window in the Tehran Chamber, the Minister of Economy announced the finalization of the preliminary agreements of the special economic courts and reminded: The subject of the Special Economic Court, which has also been welcomed by the judiciary, will be finalized by the end of Ordibehesht.

In another part of the meeting and in the process of reviewing the agenda of the Government-Private Sector Dialogue Council, the Minister of Economy suggested that in order to find a suitable model for the return of export currency to the country's economic cycle, specialized meetings should be held with the presence of representatives of relevant agencies and after reaching executive and appropriate solutions, the results should be presented in the Dialogue Council.

At the end of his speech, Farhad Dejpasand emphasized that the continuation of the meetings of the Government-Private Sector Dialogue Council should always be considered, adding the meetings of this council are a suitable place for the exchange of information and consensus between the government and the private sector.

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