Does Buying Dollars with a National ID Card Incur Tax?

Amid dollar sales using national ID cards, the head of the Tax Organization said personal purchases of foreign currency and gold are not, in themselves, subject to tax.

At the same time as the sale of dollars with the national card, the head of the tax organization announced that the personal purchase of currency and gold is not taxed by itself.

According to the report of Ambassador Arjan, Mohammad Hadi Sobanian said today: Buying currency or gold by ordinary people for personal use does not automatically mean that they are subject to taxes.

However, the head of the Tax Affairs Organization emphasized that people who are professionally engaged in buying and selling currency and gold must pay taxes within the framework of tax laws and regulations.

With the implementation of the policy of the central bank to sell foreign currency to people through banks and with the provision of national cards, some concerns were raised about the possibility of taxation on the purchase of foreign currency for personal use.

In the Law on Speculation and Speculation, the tax on the profit from the personal purchase and sale of currency and gold is foreseen, but it has not been implemented yet. According to the legal deadline, the government has until May 1406 to provide this infrastructure.

In spite of this, in this law, a specific limit is set for the tax exemption of personal currency and gold transactions.