Agency Name: | Ministry of Economic Affairs and Finance |
Nativename: | وزارت امور اقتصادی و دارایی |
Nativename R: | Vezârat-e Eqtesâd va Omur-e Dârâiy |
Formed: | 1906 |
Jurisdiction: | Government of the Islamic Republic of Iran |
Headquarters: | Bab Homayoun Street, Tehran |
Employees: | 117,123 (2019)[1] |
Minister1 Name: | Ehsan Khandozi |
Website: | Official website |
The Ministry of Economic Affairs and Finance's functions are:[2]
The affairs related policy-making, organizations, and institutes in the field of trade of goods and services are handled by the Ministry of Economic Affairs and Finance (Ministry of E.A.F.).
Ministers responsible for finance under Pahlavi dynasty.
The Customs Administration is affiliated to the Ministry of Economic Affairs and Finance. All activities regarding importation, exportation, transit, collection of import duties and other cases such as temporary importation are carried out by the Customs Administration, which is in charge of implementing the Customs Affairs Act of theIranian year 1350 (Hijri calendar) (1971 Gregorian calendar), and by-Laws of the Executive Branch of Iran.
See main article: Organization for Collection and Sale of State-owned Properties of Iran (OCSSPI). Affiliated to the Ministry of E.A.F.(Ministry of Economic Affairs and Finance), the purpose of the O.C.S.S.P.I. (Organization for Collection and Sale of State-owned Properties of Iran) is to regulate properties, some of the duties includes the collection, storage, management, and sale of properties that as per the law are under the ownership, possession, custody or management of the government of Iran.
Affiliated to the Ministry of E.A.F. (Ministry of Economic Affairs and Finance), the Iranian National Tax Administration is also incharge of collection of taxes from the public and supervises the implementation of tax laws and regulations in Iran. To facilitate the E-commerce, the Executive Branch of Iran is implementing a bar code (similar to ISBN of Books) system (called 'Irancode') across the UN Member State of Iran. It will facilitate e-commerce and tax collection to build a better Iran.[4]
See main article: Privatization in Iran.
According to the Fourth edition of Five-Year Economic Development Plan (2005-2010), the Privatization Organization of Iran, which after discussions with the Ministry of E.A.F (Ministry of Economic Affairs and Finance) sets the prices and manages the shares of government-owned companies for the public. It also puts the stocks on the Tehran Stock Exchange. President of Iranian Privatization Organization is Ali-Ashraf Abdollah Porihoseini.
Affiliated to the Ministry of E.A.F. (Ministry of Economic Affairs and Finance), the Organization for Investment Economic and Technical Assistance (OIETA) centralizes, regulates and perform activities related to foreign investments in the UN Member State of Iran, Iran's foreign investments abroad, providing loans and credit facilities to foreign firms, institutes or governments as well as obtaining loan or credit from foreign or international sources. OIETA is a "one-stop institution" for foreign direct investment in Iran.