T he plan to tax transactions via point-of-sale machines is one step closer to realization as the Central Bank of Iran and Iranian National Tax Administration give it the finishing touches.

Mehran Maharamian, the CBI's vice governor for IT affairs said tweeted Wednesday that rules that stipulate tax on POS transactions has now 'entered the implementation phase' after months of planning and coordination with INTA, the news agency of the Monetary and Banking Research Institute reported.

The plan to levy tax on POS transactions became law two years ago but has gone through tweaks and adjustments apparently lacking technical ways and means.

financialtribune