Bandar Abbas Traders Protest 10% VAT Hike, Demand Repeal of New Tax Directives

• Traders in Bandar Abbas protested against a 10 percent increase in the value-added tax rate
• The increase adds strain to the country’s production and industrial sectors already affected by inflation and sanctions
• The protesters demanded the revocation of the new tax directives
• Gold retailers in other cities also protested against the government’s tax policies
• Merchants are required to add an additional 10 percent VAT on top of a 20 percent base tax
• The economic situation in Iran is grim, with reports of increasing poverty and financial difficulties
• The government plans to implement new tax regulations in various sectors, leading to rising discontent
• Critics believe that the new taxes could worsen poverty and increase the number of impoverished people in the country.

Source: iranintl.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

---

---