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Foreign Investment Promotion & Protection Act (FIPPA) in Iran

After nearly 48 years, the new law on foreign investment in Iran under the name of "Foreign Investment Promotion and Protection Act" (FIPPA) was ratified by the parliament in 2002. FIPPA replaced the "Law for the Attraction and Protection of Foreign Investment" (LAPFI) which was in effect since 1955. FIPPA's replacement of LAPFI has further enhanced the legal framework and operational environment for foreign investors in Iran.

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Power Purchase Agreement (PPA) in Iran

power purchase agreement (PPA) or electricity power agreement, is a contract between two parties, one which generates electricity (the seller) and one which is looking to purchase electricity (relevant subsidiary of power ministry). According to Iran's foreign investment promotion policy, the government guarantees power purchase fees for long term in renewable power plants.

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Renewable Energy Potentials in Iran

The clean and renewable energies have been taken great attention due to their special characteristics. The related projects have had good progress. The overall nominal instaled capacity of renewable power plants reached 1193 MW in the year 2014 and gross generation of this kind of power plants was 4748 GWh.

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Power Transmission

Power Transmission figures in Iran

Electrical energy generated in power plants is transmitted and delivered to distribution networks through transmission and sub-transmission lines and substations. The transmission and sub transmission lines and substations are answerable to subscribers and increase the system stability and exchange energy with neighboring countries.

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Renewable Energy Tariff in Iran

Ministry of Energy of Iran has set 12 separate feed-in tariffs for renewables, depending on the type of technology and the size of the power plant. That system will be kept for projects under than 100 megawatts. The new tender system will be used for facilities with higher generation capacities.

Iran will tender 1 gigawatt of wind and as many as 3 gigawatts of solar, likely in several stages, Chitchian said. It is also seeking to build biomass and geothermal plants and swap natural gas for electricity with Armenia.

Iran may also add solar to its system of energy swaps, which before sanctions were lifted allowed the country to traded crude for refined products. Under a so-called “solar for service” program, developers and land owners would split cash flows generated from power sales.

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Guide on Iranian Taxation System for Foreign Investors

Foreign investors in Iran enjoy the same supports and privileges that are offered to the Iranian investors. In this connection, the Direct Taxation Law passed in 1987 and the following amendments have considered no discrimination in taxation of domestic and foreign investors. This means both Iranian and foreign investor pay the same amount of taxes. Tax exemptions and discounts are also equally granted to domestic and foreign investors.

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Iranian National Tax Administration

INTA is intended to provide all requirements needed for administering tax plans and for doing legal duties concerning tax collection as efficiently as possible. It will also be engaged in monitoring the enforcement of tax laws and regulations and the creation of a proper basis to achieve tax objectives, to increase the efficiency of the taxation system, and to integrate all affairs regarding tax collection in one single organization.

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