Iran and Hungary Sign Agreement on Avoidance of Double Taxation and Tax Evasion
Nourlaw.com-Tehran- 3 January 2017- Iranian legislators approved on 2 Azar 1395 (22 November 2016)The Law of Agreement Between the Islamic Republic of Iran and the Republic of Hungary for Avoidance of Double Taxation and Prevention of Tax Evasion respecting Revenue and Capital Tax .
As published in the Official Gazette of today the 29-article agreement includes the following subjects: Persons Subject to the Agreement; Taxes Subject to the Agreement; General Definitions; Residence; Permanent Domicile; Revenues Accruing from Immovable Assets; Business Revenues; International Transport; Establishments Affiliated to Governments; Dividends; Financial Expenses; Concessions; Investment Proceeds; Employment Revenues; Managers’ Fees; Artists and Athletics Affairs; Retirement Remuneration; Governmental Services; Students, Teachers and Professors Affairs; Other Revenues; Equity; Removal of Double Taxation; Non-discrimination; Mutual Agreement Procedure; Exchange of Information; Diplomatic and Consular Missions; Enjoyment of Privileges; Enforcement and Termination.