New Double Tax Agreement between Cyprus and Iran was signed

Cyprus and Iran signed am avoidance of double taxation treaty on 4/08/2015, opening the way for new investment opportunities and trade relations between the two countries.

Expansion and upgrading the network of double taxation agreements, is of high economic and political importance to Cyprus, aiming to further strengthen and attract foreign investment.

The Treaty is based upon the OECD model tax convention and aims to alleviate the harmful effects of double taxation and promote international exchange of goods and services between the contracting states along with cross border movement of capital, persons and technology.