Iran Tax Authority Sets Out Who Must Submit Audited Financial Statements

Iran's National Tax Administration, in a notice reported by Mehr on Sunday, 8 November 2026 (17 Aban 1405), set out the groups required under Article 272 of the Direct Taxes Act to submit audited financial statements. Alongside listed companies, public joint-stock companies and holding groups, other persons and companies required to keep statutory books are covered if their last tax return shows gross revenue above 1,000 billion rials; the same threshold applies to contractors' receipts under their contracts.

Total assets exceeding 1,600 billion rials provide another threshold. Covered taxpayers must provide the audited accounts with their tax return or within three months after its filing deadline; failure to do so carries a penalty equal to 20% of the tax due, the notice says. The rules apply to fiscal years starting after the notice published on 28 Mehr 1405 (20 October 2026).