Any business or industrial activity in the Free Trade
Zones enjoyed Tax Exemption for a period of 15 years.
Also The income earned by producing and mining units
upon the permission obtained from the relevant ministry
will enjoy tax exemption for 8, 6 and 4 years respectively,
provided that they are located outside the 120 km radius
of Tehran and 50 km radius of Isfahan. Also import of
raw material or investment-related goods into the FTZ
will enjoy duty free.
Generally, all assets owned or used by a company for
the purpose of its trade are depreciable, whether tangible
or intangible, new or used, if their values necessarily
diminish with time or by usage. Depreciation is calculated
on the first day the asset is made available for use
by the entity. Establishment expenses such as registration
fees and consultancy fees are depreciable up to a maximum
period of 10 years. The depreciation rates are indicated
in the depreciation table which is prepared by the Ministry
of Economic Affairs and Finance and approved by the
Council of Ministers. Depending on the case, the calculation
method could be straight-line or declining-balance.
Overall, expenses arising before the exploitation period
is depreciable up to a maximum period of ten years starting
from the exploitation date.