The range of price movements on TSE and IFB is typically restricted to 5% daily either way from last closing. Restriction on Rights is 10%. This can be changed in specific situations by the Board of the TSE or IFB in case of unusual price movements resulting in an extremely high or low P/E ratio.
What are the fees and taxes on TSE and IFB?
As of July 2010, TSE trading fees include:
Also trading fees on OTC are listed below:
As of July 2010, taxes on both TSE and OTC transactions are as follows:
- Cash dividend: no tax (22.5% at source from Company).
- Share transfer: The Tax Amendment has changed the regulations regarding calculation of tax on transfer of shares and their rights in Iranian corporate entities.
- In case of shares listed on Tehran Stock Exchange (TSE), the tax on transfer of such shares and other rights is 0.5 percent of the sales price.
- In case of transfer of the shares and their rights to other corporate entities (i.e. those not listed on the TSE), a flat rate of 4 percent of value of the shares and rights transferred applies. No other taxes will be charged. The amendment has removed the requirement to value the shares in this category.
Q7- Is it possible to invest directly on TSE?
Yes. To invest directly on TSE, investors, individuals and entities, must have a valid investment license and a trading code through a brokerage firm. Therefore, choosing a stock broker may be the very first step of the procedure. For more information on issuance of an investment license and a trading code, please Contact Us.
Recent Comments