Cyprus, Iran sign double taxation treaty

Cyprus and the Islamic Republic of Iran signed a double taxation and a fiscal evasion treaty which aim at helping the two countries develop bilateral trade and economic links, the finance ministry said today.

“Expansion and upgrading the network of double taxation agreements, is of high economic and political importance and aims to further strengthen and attract foreign investment and elevates the importance of Cyprus as an international business center,” the finance ministry said in an emailed statement today.