India, Iran agreement for Avoidance of Double Taxation

Speed Post News Network

New Delhi : India and Iran signed on February 17, 2018, an agreement for the Avoidance of Double Taxation (DTAA) and the Prevention of Fiscal Evasion with respect to taxes on income here in New Delhi.

The agreement is on similar lines as entered into by India with other countries.The agreement will stimulate flow of investment, technology and personnel from India to Iran & vice versa, and will prevent double taxation. The agreement will provide for exchange of information between the two Contracting Parties as per latest International Standards. It will improve transparency in tax matters and will help curb tax evasion and tax avoidance, according to a PIB release.