Seven contracts of Lorestan University's Community and Industry Relations Office Exempted from Tax / Success in Utilizing Clause "S" of Article 132 of the Direct Taxation Law

Seven contracts between Lorestan University's Office of Community and Industry Relations and the private sector have successfully obtained tax exemptions and waivers under Clause "S" of Article 132 of the Direct Taxation Law.

According to the Public Relations of Lorestan University, the Office of Community and Industry Relations announced that this tax waiver, designed to encourage economic entities to invest in research activities and collaborations with universities, covers the research and development expenses of private and cooperative legal entities in production and industrial units holding operating licenses from relevant ministries.

Based on the provisions of Clause "S" of Article 132 of the Direct Taxation Law, an amount equivalent to the research and development expenses of industrial and production units, contracted with universities or research and higher education centers with definitive permits from the Ministries of Science, Research and Technology, and Health, Treatment, and Medical Education, and conducted within the framework of the country's Comprehensive Scientific Map, will be subject to tax waiver.

Clause S of Article 132 of the Direct Taxation Law: An amount equivalent to the research and development expenses of private and cooperative legal entities in production and industrial units holding operating licenses from the relevant ministries, contracted with universities or research and higher education centers with definitive permits from the Ministries of Science, Research and Technology, and Health, Treatment, and Medical Education, and conducted within the framework of the country's Comprehensive Scientific Map, provided that its annual progress report is approved by the research council of the relevant universities or research centers, and their declared gross income from production and mining activities is not less than five billion (5,000,000,000) Rials, will be waived up to a maximum of ten percent (10%) of the declared tax for the year in which the said expense is incurred.