Suggestions for developing employment, production, providing loans approved

The fourth meeting of the Supreme Council of Economic Coordination was held with heads of the three branches taking part, and approved suggestions made for developing employment, production and providing loans for these purposes.

Sat 07 - July 2018 - 16:39

At the session that was held on Saturday chaired by President Hassan Rouhani, heads of the Judicial and Legislative branches also took part and they reviewed reports by related officials on creating job opportunities for the young population and implementation of comprehensive employment plans.

In order to encourage and support growth of the capital market and leading liquidity to investment, it was approved that for a period of 1 year, the rate of stock sale tax reduced from 0.5 to 0.1 percent.

It was also decided to exempt those companies of income tax which decide to transfer a part of their undivided profits to the capital account to support investment on development of plans and creating more job opportunities by the private and public sectors.

The President referred to his negotiations with high-ranking European officials in the recent visit and also phone conversations, and stressed that European countries have the political will for continuation of economic cooperation with Iran based on the Joint Comprehensive Plan of Action (JCPOA), but its realisation requires them to take practical steps and make clear executive decisions.

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