Ministry of Economic Affairs and Finance (Iran)
Encyclopedia
The Ministry of Economic Affairs and Finance's function are:
Most of the policy making organizations and institutes in the field of trade in goods and services are affiliated to the Ministry of Economic Affairs and Finance.
Iranian year 1350 (1971), and its Executive By-Law.
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- acting as the state treasuryTreasuryA treasury is either*A government department related to finance and taxation.*A place where currency or precious items is/are kept....
, - public finance,
- economic and financial policy making,
- implementing tax policies,
- in charge of foreign direct investmentForeign Direct Investment in IranForeign direct investment in Iran has been hindered by unfavorable or complex operating requirements and by international sanctions, although in the early 2000s the Iranian government liberalized investment regulations. Iran ranks 62nd in the World Economic Forum's 2011 analysis of the global...
, - directing the banking network and commercial insurance institutes,
- regulating the financial markets of the country, see also: Central Bank of Iran.
Most of the policy making organizations and institutes in the field of trade in goods and services are affiliated to the Ministry of Economic Affairs and Finance.
The Customs Administration of the Islamic Republic of Iran
The Customs Administration is affiliated to the Ministry of Economic Affairs and Finance. All activities regarding importation, exportation, transit, collection of import duties and other cases such as temporary importation are carried out by the Customs Administration, which is in charge of implementing the Customs Affairs Act of theIranian year 1350 (1971), and its Executive By-Law.
State Tax Organization
Affiliated to the Ministry of Economic Affairs and Finance, the State Tax Organization is in charge of collection of taxes and the supervision of the implementation of tax all laws and regulations in Iran. Iran is presently implementing a bar code system (called 'Iran Code') across the country in order to facilitate e-commerce and tax collection.Privatization Organization
According to the Fourth Five-Year Economic Development Plan (2005-2010), the Privatization Organization of Iran, affiliated to the Ministry of Economic Affairs and Finance is in charge of setting prices and ceding shares of government owned companies to the general public and on the Tehran Stock ExchangeTehran Stock Exchange
The Tehran Stock Exchange is Iran's largest stock exchange, which first opened in 1967. The TSE is based in Tehran. As of July 2010, 337 companies with a market capitalization of US$72 billion were listed on TSE...
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Organization of Investment and Economic and Technical Assistance
Affiliated to the Ministry of Economic Affairs and Finance, the Organization of Investment and Economic and Technical Assistance (OIETA) has been established to centralize, regulate and perform a host of activities related to foreign investments in Iran, Iran's foreign investments abroad, providing loans and credit facilities to foreign firms, institutes or governments as well as obtaining loan or credit from foreign or international sources. OIETA is a "one-stop institution" for foreign direct investment in IranForeign Direct Investment in Iran
Foreign direct investment in Iran has been hindered by unfavorable or complex operating requirements and by international sanctions, although in the early 2000s the Iranian government liberalized investment regulations. Iran ranks 62nd in the World Economic Forum's 2011 analysis of the global...
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See also
- Ministry of Commerce (Iran)Ministry of Commerce (Iran)The Ministry of Commerce of Iran was the main organ of the Government in charge of the regulation and implementation of policies applicable to domestic and foreign trade...
- Economy of IranEconomy of IranThe economy of Iran is the eighteenth largest in the world by purchasing power parity and according to Iranian officials' claims is going to become the 12th largest by 2015. The economy of Iran is a mixed and transition economy with a large public sector and some 50% of the economy centrally planned...
- Cabinet of IranCabinet of IranThe Cabinet of Iran is a formal body composed of government officials, ministers, chosen and led by a President. Its composition must be approved by a vote in the Parliament...
- Government of Iran
- Supreme Audit Court of IranSupreme Audit Court of IranThe Supreme Audit Court of Iran is a government agency of the Islamic Republic of Iran. Located in Tehran, it is supervised by the Iranian Parliament and dates back to 1906....
- General Inspection Office (Iran)General Inspection Office (Iran)The General Inspection Office of Iran is linked to the Judiciary of Iran. It is also called the State Inspectorate Organization of Iran....
- Iran's international rankings in economy