Deputy General of the Ministry of Economic Affairs and Finance, Mehdi Karbasian, announced that an e-stock system is being considered within framework of the e-government plan. The plan aims to activate the capital market and the related bill has been presented to the Cabinet.

"In line with the plan to improve national markets, the e-stock project would be followed by e-treasury, e-tax and e-insurance and the Ministry of Economic Affairs and Finance has other projects for the establishment of electronic government, whose general outlines have been formulated.

Referring to the e-treasury project, Karbasian noted that treasury units in most developed countries have taken strides for utilization of the Internet-based capabilities to provide better service for clients and increase efficiency, speed and accuracy in their missions and have tried to pioneer providing electronic government services in addition to turning operational paperless environments.

Following mechanization of the system used for supply and distribution of securities through electronic processing of orders in the country’s economic portal, a section related to sales of securities to people through credit cards, which is also connected to the e-payment system, will be operating round-the-clock. The system is projected to decrease delivery time by one-third.

The Deputy General mentioned establishing electronic ties with banks to enforce control and supervisory policies on Treasury accounts with banks as another goal for the establishment of an electronic government. The main goal of this sub-system is instant information about the amount of government assets as well as rapid and instantaneous connections with the operating banks for controlling the Treasury accounts with banks and getting the necessary reports.

To provide a suitable ground for e-commerce, constant attention should be paid to such variants as suitable operational programs for electronic commerce, adequate attention to security of information as well as the laws ruling e-commerce. Direct and indirect taxes must also be taken into consideration in an electronic commerce system.

Direct taxes are taken on the spot during electronic transactions while indirect taxes are taken according to special formulas and regulations based on a predefined scheduling after dealing with one of the parties to that transaction. In e-commerce, supply of goods is carried out through an e-procurement system and the tax related to commercial measures would be calculated and taken according to e-tax systems.