Iran and Libya Sanctions Act: response to Iranian gas deal may affect future investments
Article Abstract:
The planned $2 billion investment in Iran's offshore South Pars natural gas field by Total, Gazprom and Petronas, has aroused doubts about the efficacy of the US's Iran and Libya Sanctions Act of 1996 (ILSA). The ILSA, which aims to cut extensive foreign investment in Iranian and Libyan oil and gas projects, is applicable to American firms as well as non-US companies. The US government has initiated an inquiry to determine the financial details of the investment, before deciding whether sanctions are warranted on the three firms.
Publication Name: Middle East Executive Reports
Subject: Economics
ISSN: 0271-0498
Year: 1997
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Doing business in Iran: taxation and accountancy
Article Abstract:
An array of taxes applies to foreign businesses and people who operate in Iran as well as to Iranian businesses and citizens who operate outside the country. These taxes include a company tax, a corporate income tax, a municipal tax, social security charges including payroll taxes, a possible value-added tax and Ministry of Labor charges. Tax exemptions are available as for factories that are built in designated areas. Accounting and auditing rules should be understood and followed.
Publication Name: Middle East Executive Reports
Subject: Economics
ISSN: 0271-0498
Year: 1993
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Guide for doing business and investing in Iran
Article Abstract:
Information on foreign investment opportunities in Iran is provided. Hard currency gained from activities such as direct sales and foreign banking can be transferred out of Iran.
Publication Name: Middle East Executive Reports
Subject: Economics
ISSN: 0271-0498
Year: 2000
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