MINIMUM AND AVERAGE SALARY IN IRAN

Iran is one of the largest states in the Middle East and North Africa with strong economies and rich natural resources. It is located in southwest Asia and borders on Iraq, Armenia, Azerbaijan, Turkey, Turkmenistan, Afghanistan and Pakistan.

Salary in Iran

Iran is home to about 84 million people and has an unemployment rate of about 10 percent. The budget revenues are largely derived from oil and gas exports. The government controls the lion's share of large companies, while the private sector is extremely slow. Let's find out what salaries in Iran in 2020.

Minimum salary in Iran

According to the local government, the official minimum wage in Iran in 2020 is 1,566,882 Iranian rials per month, which at the current rate is equivalent to 37 U.S. dollars. Due to the dependence of Iran's economy on international sanctions and high inflation risks, the local currency may fluctuate significantly.

Important. According to Article 41 of the Labor Code of Iran, the High Labor Council must determine the minimum wage in accordance with the inflation rate announced by the Central Bank of Iran.

In 2019, the minimum wage in Iran increased by 36.5%. However, Iranian workers have expressed concern over the low level of the national minimum wage. According to the Statistics Center of Iran, last year inflation in the country reached 50%, which is a record for the past 23 years. During the year, the number of people living below the poverty line increased by 25%.

Average salary in Iran

According to the Iranian Statistics Center, the average salary in Iran in 2020 is 18,970,900 rials per month ($450). Incomes depend largely on profession and region. For example, the capital Tehran receives several times more than the country as a whole. That is, on average, $900 per month. According to the authoritative portal Numbeo, after paying taxes, the average salary in Iran is $315 per month.

Iranian and international recruitment agencies indicate that the highest salaries in Iran are paid to CEOs and CFOs of companies, as well as dentists, who receive more than 30 thousand dollars a year (1.9 million Russian rubles). The smallest annual income of workers without special qualifications – cashiers, waiters, loaders – is up to 5 thousand dollars (320 thousand Russian rubles).

In conclusion, it should be noted that the income tax rate in Iran from the wages of hired workers varies from 0 to 20%. And deductions from the income of private entrepreneurs reach 35%. At the maximum rate, the annual income is taxed over 1,000,000,000 rials ($23,720).

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