Meanwhile a number of industry owners, said that the amendment in the law will help boost their businesses.
BAZAR: Amended Tax Law Discussed
Ministry of Finance says that the tax law has been amended in order to resolve a number of problems traders and businessmen are facing in terms of paying tax.
From now on a one percent tariff will be imposed on all raw materials being brought in to the country – opposed to different amounts for different products.
In addition the ministry has scrapped the rule for businesses to submit multiple balance sheets a year and from now on only want their year-end records.
In this episode of Bazar, host Zarmina Mohammadi discusses the topic with Abaul Habib Zadran, head of the revenue department at the finance ministry.