Speaking at a meeting with members of the Entrepreneurs Association, Economy Minister Seyyed Ali Madanizadeh praised the resilience of Iranian businesses and entrepreneurs, saying they have continued supporting the country's economy despite challenging economic conditions.
Madanizadeh said the Ministry of Economic Affairs and Finance has spent recent months identifying cumbersome rules and excessive regulations that hinder production and commercial activity, to create a more favorable business environment for manufacturers and investors.
The minister also addressed foreign exchange issues, describing currency-related challenges as one of the private sector's primary concerns over the past year. He said government measures had substantially eased those difficulties and expressed hope that the remaining obstacles would be resolved through the next phase of reforms.
According to Madanizadeh, the reform package—prepared in cooperation with the ministry's Economic Affairs Department, the Center for Improving the Business Environment, and the Trade Office—targets redundant regulations that impede production and commerce. Once approved by the government's Economic Commission, the package will be submitted to the cabinet.He noted that some reforms require legislative amendments and will therefore be pursued through parliament or other relevant state entities.
The minister also invited business leaders and entrepreneurs to submit additional proposals to strengthen the reform package, saying broader private-sector participation would help accelerate the removal of regulatory bottlenecks.
Separately, Madanizadeh outlined the government's plans to modernize Iran's tax system, saying authorities are reviewing outdated tax procedures and revising tax regulations to create a more transparent, digital, data-driven, and less vulnerable system.
He said the reforms are intended to minimize reliance on traditional tax audits and reduce direct interactions between taxpayers and tax inspectors. The proposed tax legislation is expected to be pursued through parliament, where it is already under consideration by the parliamentary Economic Committee.Madanizadeh said he expects the planned reforms to improve the business climate, reduce regulatory burdens on producers and businesses, and support stronger economic activity.
21 July 2026 - 21:15
Iran's Minister of Economic Affairs and Finance said the government is moving forward with a broad package of regulatory reforms to remove barriers to production and trade, and that the proposal is currently under review by the government's Economic Commission before being submitted to the cabinet.
News ID 742946