Iran
Government and institution measures in response to COVID-19.
Government and institution measures in response to COVID-19.
Return to homepage | Last updated: 29 April, 2020
General Information
On March 25, President Rouhani announced a partial lockdown, closing businesses and government offices for two weeks and banning travel between different cities. But, concerned about the economic damage from the outbreak, the government recently ordered a step-by-step reopening of businesses that it considers to be low or average risk in terms of spreading the virus.
Tax measures – Direct and Indirect
(e.g. payment deferrals, rate reductions…)
Click here to see a comprehensive summary of jurisdictional tax measures and government reliefs in response to COVID-19.
Employment-related measures
(e.g. state compensation schemes, training…)
Economic stimulus measures
(e.g. loans, moratorium on debt repayments…)
- Moratorium on tax payments due to the government for a period of three months (7 percent of GDP);
- Subsidized loans for affected businesses and vulnerable households (4.4 percent of GDP);
- Extra funding for the health sector (2 percent of GDP);
- Cash transfers to vulnerable households (0.3 percent of GDP) and;
- Support to the unemployment insurance fund (0.3 percent of GDP). Sukuk bonds and the National Development Fund will provide part of the financing.
Low-interest loans for businesses that have been affected and not fired any laborer.
- 75 trillion tomans of loans with a preferential rate of 12 per cent, with the return period of 2 years for the service and production businesses
- about 6 trillion tomans of credit, which will be allocated according to the decisions made in the previous session
