First Time at Iranol: Special Tax Credit Obtained for Two Technology Projects

Obtaining this approval for the first time in the company's history is a valuable step toward benefiting from legal incentives and strengthening innovation, and it supports sustainable research and development activities. It could pave the way for more technological achievements in the future.

The head of Iranol Oil Company, one of the subsidiary companies of Tapico Holding, announced: In line with the development of technology, the improvement of product quality, and the strengthening of research and development activities, this company, for the first time, succeeded in receiving the approval of about 57 billion Rials in tax credit for two technological projects in the field of advanced lubricants. According to the Tapico Public Relations, Brand and Social Responsibility Management report, Akbar Mirzapour, referring to the plans of Iranol Oil Company in the direction of developing technology, improving product quality and strengthening research and development activities, stated: this credit, within the framework of the knowledge-based production leap law and with the aim of supporting research and development activities and the production of specialized products with higher added value, to two projects "design and manufacture of engine oil with API SQ international quality level" and "design of fireproof hydraulic oil in HFDU class" The head of Iranol Oil Company stated that taking advantage of the legal capacities to support research and development provides a good opportunity to accelerate the development of technological products, improve technical knowledge and increase the competitive power of this company in the lubricant industry, and announced the move towards the production of advanced and specialized lubricants as one of the priorities of Iranol and clarified: the implementation of these projects can provide the basis for the development of the product portfolio and a more effective presence in the target markets while responding to the needs of the industry. In the end, Mirzapour noted: Obtaining this approval for the first time in the history of the company's activity is a valuable step in the direction of taking advantage of legal incentives, strengthening innovation and sustainable development of research and development activities, and can be the foundation for more technological achievements in the future.