The Iranian National Tax Administration (INTA) is reportedly urging for the establishment of a legal framework, dedicated to the taxation of operational crypto trading platforms across the nation. 

Specifically, eight weeks following the call of Iranian President Hassan Rouhani to form a legal framework devoted to crypto trading, INTA reportedly generated a proposal, outlining how necessary it is to achieve crypto asset legalization. 

INTA, issuing a reminder to Iranian lawmakers that the presence of a legal framework is mandatory to levy taxes, reportedly claimed that the authority should solely grant the legal ability to carry out the conversion of currency to greenlit exchanges, while placing an oversight on transactions. 

The tax agency further called for the legal framework to be maintained on the broader side of the spectrum, in order to steer clear from harsh conditions involving crypto exchanges, which could ultimately result in the escalation of black market. 

INTA additionally included in its proposals the information of three extra tax regimes targeting crypto trading platforms – Tax on capital gains, fixed base tax and occupational tax – regardless of the fact that no detailed data associated with the mechanisms for taxing crypto establishments have been introduced. 

Decentralized finance is reportedly also a part of the proposal. In an effort to stay in compliance with Anti-Money Laundering regulations, the proposal is looking to form an upper limit on transactions taking place on decentralized exchanges.

In July this year, the Iranian Parliament Commission on Economy reportedly put out a draft bill, aimed at placing restrictions on the use of cryptocurrencies throughout Iran, until a legal framework with sufficient certainty is rolled out for miners.