The decree of the Supreme Council for Economic Coordination of the Heads of Branches, bearing the signature of Masoud Pezeshkian Head of the Executive Branch, Mohammad Bagher Ghalibaf Head of the Legislative Branch, and Hojatoleslam Gholamhossein Ejei Head of the Judiciary Branch regarding entry duties for car imports has been communicated.

According to this decree, the entry duties for imported gasoline and hybrid vehicles - with currency supply from any source - in the year 1405, as well as car imports from free zones to the mainland (pursuant to Articles 91 and 92 of the executive regulations of this year's budget law) - with the exception of fully electric vehicles - have been set at a minimum of 100 percent.

The entry duties for imported cars into free zones for gasoline and hybrid vehicles - with the exception of fully electric vehicles - have been set at 60 percent.

The resources derived from the increase in customs tariffs for car imports into free zones and special economic zones will be deposited into the General Treasury of the country.

Furthermore, in line with preserving competition, the government has been mandated to allocate car import quotas and other commodity groups (as determined by the government) exclusively through the assignment of import rights in the Iran Mercantile Exchange.

Revenues generated from the increase in car import entry duties, up to a ceiling of 150 trillion Tomans, will be allocated to securing resources for increasing the credit of the electronic coupon.

In other clauses of this decree and for the purpose of reconstructing war-damaged sectors, the National Reconstruction Headquarters has been authorized to utilize the capacity of existing funds within the Ministries of Industry, Mining and Trade, Communications and Information Technology, and Agricultural Jihad without the obligation to comply with the provisions of related statutes regarding expenditures, to equip and procure resources from various sources (including resources and balances of state-owned enterprise asset transfer funds and the relocation of budget resources, both general and domestic), and to approve the expenditure of said resources for reconstruction in the form of providing facilities and interest rate subsidies.

The Communications Regulatory Commission has also been mandated to modify the mechanism for receiving the government's revenue share regarding operator activity licenses in such a way that the said share is collected online from each user bill payment, with up to 50 percent of it dedicated to the reconstruction and compensation of war damages.

Source: Donya-e-Eqtesad