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Cyprus Signs a Tax Treaty with Iran for the avoidance of Double Taxation

Cyprus has recently concluded a Double Tax Treaty (DTT) with Iran.

The treaty was signed on 4 August 2015 and shall enter into force once each country completes the ratication process.

The new treaty is based on the Organisation for Economic Co-operation and Development (OECD) Model Tax Convention framework and will contribute to the expansion of Cyprus’ trade and economic relations with Iran, only a few weeks after the historic Iranian nuclear agreement and lifting of international sanctions.

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