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Code: 50282 Visited: 150 Publish Date: Jul 08 2018 - 12:05
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Capital Market
Government to Support Capital Market
Tehran, June. 08 (SENA) - The Supreme Council of Economic Coordination, a joint meeting attended by the heads of the three branches of power, convened on Sunday, focusing on job creation, domestic production boom, capital market support, as well as financing key economic sectors.

Tehran, June. 08 (SENA) - The Supreme Council of Economic Coordination, a joint meeting attended by the heads of the three branches of power, convened on Sunday, focusing on job creation, domestic production boom, capital market support, as well as financing key economic sectors.

The fourth meeting of the Council, headed by President Rouhani, was attended by top economic officials and proposals for financing the productive sectors of the economy reviewed and a handful were approved.

Making stock markets more appealing and attracting more liquidity to them, the suggestion by the Ministry of Economic Affairs and Finance was approved to cut trading tax paid by the selling side on each equity trade from 0.5% to 0.1% for the next 12 months.

Moreover, to encourage companies’ financing, it was decided that if companies use their retained earnings for a capital increase and use the new funds for their development plans, the raise will be exempted from income tax.

 
By: Security and Exchange News Agency (SENA)
 
 
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