ابراهیمی سروعلیا

A member of the board of directors of the Securities and Exchange Organization considered the cancellation of the proposal to increase the tax rate on stock sales and preemptive rights as a product of the convergence of the legislature and the capital market.

Tehran, Jan.05 (SENA) -Mohammad Hassan Ebrahimi Sarvolya told the Securities  and Exchange News Agency (Sena): "Recently, following the review of the 1400 budget bill in the specialized commissions of the parliament, there was a debate on increasing the tax rate on stock sales and preemptive rights, from 0.5% to 0.6% of stock sales value and The right of precedence was raised. It was also suggested that the resources obtained from this increase be used in order to stabilize the market and develop the investment culture, which was removed from the agenda with the explanation of the Securities  and Exchange Organization and the assistance of representatives.

While thanking the MPs for this action, he added: "Continuation of this process and convergence between the legislature and the capital market, which has existed in previous years and has been implemented in various forms, can pave the way for the implementation of important goals in the capital market." And be used in various other fields as a model for the interaction of the legislature and specialized agencies.

Member of the Board of Directors and Deputy Supervisor of Stock  market and issuers of the Securities and  Exchange Organization, referring to the importance of the capital market in the country's economy, noted: The importance of this market has become more apparent than ever. In this regard, the approval of upstream documents and key reference laws and regulations in the country is very important for issuers, investors and financial institutions.

He went on to divide the financial systems into two groups: bank-oriented and market-oriented, saying: "In bank-oriented systems, post-measure equipping and financing is done through the bank." In market-oriented systems, the main platform is the capital market, which by providing and drawing profitable and safe investment opportunities to savers, accumulates and provides the necessary resources for economic activities and contributes to the formation of capital in the national economy and economic development.

A member of the board of directors of the Securities  and Exchange and Organization stated: "These two approaches exist in many countries, but according to the structure and economic institutions in different countries, the use of the above two methods is different."

Ebrahimi Sarvolya explained: Although Iran's financing system has been central to the bank for a long time, but the creation, establishment and development of an efficient, transparent and well-liquid capital market has become one of the important goals of legislation in the country.

He added: "Iran's capital market has been given serious attention in the general policies of Article 44 and related laws, in the general policies of the fourth, fifth and sixth development plans and many other upstream documents of the country, so it is not unreasonable if a large part of Comprehensive progress attributed this market to the legislature.

Comment

You are replying to: .
7 + 1 =

Latest of Capital Market