Financial Tribune - Debating next year's (March 2019-20) budget bill in the Majlis, lawmakers on Wednesday obliged the Iranian National Tax Administration with collecting 30% of overdue taxes in the current fiscal that ends on March 20.

As per an amendment to Note 6 of the budget bill, INTA should collect taxes levied on the purchasing invoices and Point-Of-Sale systems within its legal jurisdiction, the parliamentary news website ICANA reported.

MPs also voted to enforce fines equal to 2% of the total value of deposits held with banks and credit institutions if the entities refuse to abide by the this measure. This penalty would be in addition to fines stipulated in the Direct Taxation Act for non-abiding banks and credit institutions.