Jun 27, 2015, 4:11 PM
News Code: 81661590
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President orders enforcement of Iran-Kenya agreement

Tehran, June 27, IRNA – President Hassan Rouhani has ordered Ministry of Economy and Finance to put into force an Iran-Kenya agreement on double tax avoidance.

The agreement also calls for preventing tax –on-income and tax-on-capital avoidance, while announcing the additional protocol.

DTAs are important since they help in alleviating double taxation where business is conducted in different tax jurisdictions and also assist tax administrations in preventing fiscal evasion.

Government Data Base said Majlis plenary session had ratified the agreement on May 13 and the Guardian Council endorsed it on May 27.

Double Tax Agreements ('DTA') is an agreement negotiated between countries or territories to outline the rights of a country with respect to taxation of specific types of incomes. The main aim of a DTA is to eliminate double taxation of income and capital. A DTA typically provides which country has the right to taxation of a specific income between the source and the resident state; or the process of alleviating the double taxation of the same income.

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