"Iran will try to lure foreign investors with tax exemptions ranging as high as 100 percent, Iranian Deputy Economy Minister Behrouz Alishiri said.
Foreigners investing in the country’s agriculture sector won’t have to pay any taxes, and investments in industry and mining will be exempt up to 80 percent, Alishiri said yesterday, according to Tehran-based newspaper Tehran Times. He didn’t forecast how much investment the exemptions would spur.
While international sanctions have restricted foreign investment, Interior Minister Mostafa Mohammad-Najjar said in March that Iran attracted $7 billion from abroad in the Iranian year ended March 20, compared with $5 billion the preceding year. He didn’t identify the donors or their projects, and the newspaper did not say what sort of tax breaks foreign investors currently enjoy."
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