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South Asia

Iran cuts tax on Indian expats

NEW DELHI - Iran has decided to abolish the 33 percent work permit tax on Indian business houses and workers, bringing relief to a "sizeable" number of expatriates in that country and encouraging more migration of skilled manpower.

The abolition, effective from April this year, is slated to benefit as many as 100 expatriate business ventures employing a significant number of Indians in Iran. This decision was conveyed by Iranian Labor and Social Affairs Minister Seyed Safdar Hosseini to his Indian counterpart Sahib Singh Verma at a reception organized by the Indo-Iranian Chamber of Commerce.

Hitherto, the Iranian labor ministry, which determines the salaries of all workers of foreign origin, was charging a work permit tax of 33 percent from all expatriate workers and business houses.

Verma said, "It will facilitate greater interaction and transnational migration of skilled manpower among both countries."

Calling for broadening cooperation in the fields of technical and vocational training between the two countries, Verma said that the decision to withdraw the permit tax would encourage business in the areas of medicine, engineering and information technology.

(Asia Pulse/PTI)

Sep 3, 2003

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