According to the Shahrebourse, Mehdi Movahedi, a spokesman for the Tax Affairs Organization, announced that buyers and sellers of gold, foreign exchange, and cryptocurrencies will be exempt from paying capital gains tax if they conduct their transactions with accredited legal entities with electronic accounts.

According to Movahedi, the sale of these assets to approved companies and business units, such as exchange offices and gold shops that use the electronic invoicing system, will not be subject to tax.

Necessary measures to implement the law

The spokesperson for the Tax Affairs Organization explained how the law will be implemented that the establishment of a capital gains tax system requires the preparation of infrastructure, including the definition of tax portfolios, the organization of commercial and non-commercial accounts, and the launch of electronic invoices. He noted that according to the law, the organization has 20 months to provide these platforms, of which two months have passed so far.

Exemptions and legal benefits

Movaheddi emphasized that one of the most important exemptions in this law is related to transactions where the trading party is reputable individuals or companies. The purpose of this clause is to encourage economic operators to conduct transparent and traceable transactions.

He added that individuals can benefit from the tax exemption of Article 84 for up to five years, and the ceiling of this exemption this year is about 1.450 million tomans, which may increase to two billion tomans in the coming years, and this figure can be adjusted according to inflation and annual growth.

Also, gold exchange transactions are exempt from tax calculation, and individuals can sell any amount of gold, currency, or cryptocurrency without paying tax for up to three years after the law is fully implemented. If the law is implemented, an annual exemption of up to five times the ceiling of Article 84 has been considered for these individuals.

Special privilege for heads of households

Movaheddi noted that heads of households enjoy greater exemption and their exemption ceiling can be increased to six times the prescribed limit. If this ceiling is exceeded, there is also the possibility of using a seven-year exemption, which can be applied up to three times during the tax life and up to 100 times the Article 84.

Who is subject to the tax?

The spokesperson for the Tax Administration explained that the general public, especially those who buy gold for personal consumption, will not be subject to this tax. However, people who are professionally engaged in buying and selling gold or cryptocurrencies and have not registered this activity as a job will be subject to capital gains tax and speculation tax.

Movahedi concluded by emphasizing that the main goal of implementing this law is to clarify financial transactions, reduce speculative activities, and create stability in the asset market. This policy can direct liquidity flow towards productive activities and prevent speculative fluctuations in the gold and cryptocurrency markets.