Iran's Parliament has authorized the government to lower customs duties on the import of medicines, medical supplies, infant formula, essential goods, and agricultural inputs for the next fiscal year.
During a Sunday session focused on the revenue section of the next fiscal budget bill, lawmakers approved a measure allowing the government to reduce customs tariffs on these items to 1%.
The move is aimed at supporting both producers and consumers amid economic challenges. Items already subject to customs duties below 1% will remain unchanged, according to the approved provision.
The legislation reflects Iran's ongoing efforts to stabilize prices for essential goods and alleviate pressure on households and businesses. The reduction will apply to raw materials, medical consumables, and key agricultural and livestock inputs, among others.