Agreement on Avoidance of Double Taxation and Tax Evasion Concluded by Iran and Cyprus
Nourlaw.com-Tehran- 3 January 2017- The expressed desire of the governments of Iran and Cyprus to form an agreement for cooperation in tackling tax affairs, was materialized on 24 Aban 1395 (14 November 2016) when the Iranian parliament passed The Law of Agreement Between the Government of the Islamic Republic of Iran and the Republic of Cyprus for Avoidance of Double Taxation and Prevention of Tax Evasion Respecting Tax Revenue. The law was published in the Official Gazette of today.
The 28-article agreement includes subjects listed below:
Persons Subject to the Agreement; Taxes Subject to the Agreement; General Definitions; Residency; Permanent Domicile; Revenues Accruing from Immovable Assets; Business Revenues; International Transport; Establishments Affiliated to Governments; Dividends; Financial Expenses; Concessions; Investment Proceeds; Independent Personal Services; Non-independent Personal Services; Managers’ Fees; Artists and Athletics Affairs; Retirement Remuneration; Governmental Services; Students, Teachers and Professors; Other Revenues; Procedure of Deletion of Double Taxation; Non-discrimination; Manner of Mutual Agreement; Exchange of Information; Diplomatic and Consular Missions; Enforcement; Termination.