Iran Allows Customs to Take Bank Guarantees Instead of Cash for Import Taxes and Levies

28 October 2026 | yesterday

Mehr News Agency reported that Iran's cabinet has authorised customs to accept a bank guarantee instead of cash for value-added tax and associated levies on imported goods. The Trade Promotion Organization relayed the order to customs for implementation on Wednesday, October 28, 2026 (6 Aban 1405); the cabinet resolution is dated October 21, 2026 (29 Mehr 1405).

The measure allows the guarantee option for a two-month period ending with the current fiscal year. It changes how taxes and levies are secured at clearance; Mehr's report does not say the tax has been abolished or that import duty rates have been cut.

Source:Mehr News Agency, citing Iran's Trade Promotion OrganizationThe source text An archived copy of the source

Iran Allows Customs to Take Bank Guarantees Instead of Cash for Import Taxes and Levies

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