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Law of Development and Protection of Maritime Industries.

Country/Territory
Iran, Islamic Republic of
Document type
Legislation
Date
2008
Source
FAO, FAOLEX
Original source
Official Journal, No.18421, 27 May 2008.
Subject
Sea
Keyword
Marine area Business/industry/corporations Harbour Institution Tax/levy
Geographical area
Asia, Caspian Sea, Middle East, Near East and North Africa, Persian Gulf, Southern Asia
Abstract

The Law, which consists of 11 articles, provides for the development and protection of maritime industries. In particular, the Law obliges the government to establish the ‘Marine Industry Development Fund’ in order to support all marine industrial activities including manufacturing, production and maintenance of various kinds of marine vessels and submarines. The Law also establishes the ‘Marine Industry High Council’ to coordinate all activities related to marine industries in the country. According to the Act, all marine vessels possessed by Iranian owners and manufactured in the Country in compliance with national and international standards, are exempted from income taxes. Any vessels entering Iranian ports for ship repairs are also exempted from port dues.

Full text
Farsi
Website
www.dastour.ir

References - Legislation

Implemented by

Regulation of the Law of Development and Protection of Maritime Industries.

Legislation | Iran, Islamic Republic of | 2009

Keyword: Marine area, Business/industry/corporations, Harbour, Institution, Monitoring, Tax/levy

Source: FAO, FAOLEX