Economy cars are a priority for imports, but in case costlier cars are imported, they will be subject to the luxury car tax, the Ministry of Industries, Mines and Agriculture has announced.
However, given the fact that the final price of imported cars will be 120-140% higher than the initial price and they will be subjected to the luxury car tax, it becomes obvious that none of the imported cars would be considered an economy car.
In an interview with Donyaye Khodro, Morteza Afqeh, an economic analyst, said as per import regulations, the import of cars with a maximum price of €20,000 are permitted, although those priced under €10,000 are considered economy cars and enjoy import priority.
Iran is to take delivery of a first shipment of foreign-made cars within the next few days four years after it banned imports to support local manufacturers.
Iran’s Ministry of Industry, Mine and Trade said in a statement in early November that it hopes that the arrival of an expedient number of cars will leave a favorable impact on the Iranian car market.
Since the beginning of the new government under President Ebrahim Raisi in August 2021, one of the objectives of the ministry was to control the car market and resolve people's dissatisfaction with issues related to the market disturbances, the statement read.
For this purpose, one of the effective tools to narrow the gap between supply and demand has been the import of cars with the priority of providing cars to ordinary people, the statement added.