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The Parliament announced amendments to Article 143 of the Law on Direct Taxes, which relates to the tax relief for companies listed on the Tehran Stock Exchange (TSE) and Iran Fara Bourse (IFB).

Tehran, August23. (SENA) -  The Parliament announced amendments to Article 143 of the Law on Direct Taxes, which relates to the tax relief for companies listed on the Tehran Stock Exchange (TSE) and Iran Fara Bourse (IFB).SEO.ir reported.

According to this new decree, any listed companies on the TSE or IFB, with minimum 25 percent free float of shares, approved by the SEO at the end of the financial year, will enjoy a double tax exemption; the previous figure of free float of shares was 20 percent.

Furthermore, based on Article 5 of this approval, the executive instruction of this resolution shall be prepared by both the SEO and the Iranian National Taxation Organization in maximum one month, to be presented to the Securities and Exchange High Council for the final approval.

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