Iran's Tax Authority Says Part of Local VAT Levies Will Fund Reconstruction of Damaged Homes
Sahmino Newsroom | 21 October 2026 | 22 days ago
In remarks reported from Qom on Wednesday, 21 October 2026, National Tax Administration chief Mohammad Hadi Sobhanian said a Supreme National Security Council resolution requires municipalities and village councils nationwide to devote 40% of the levies they receive from value-added tax to rebuilding and constructing homes damaged in the war, in cooperation with provincial and local authorities.
The percentage applies to VAT-derived local levies, not all VAT revenue nationwide. The report gives no allocated cash amount, number of homes covered or date for payments; implementation would need to be reflected in reconstruction projects and local budgets.
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Over the same days, US Dollar fell 2.0 percent, to 2,640,700 rial.
Over the same days, Tehran Stock Exchange Index rose 3.1 percent, to 8,427,304.
Over the same days, Brent Crude fell 16 percent, to 92.00 dollars.
- US Dollar
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- Tehran Stock Exchange Index
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- Brent Crude
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