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PRESS RELEASE, DATED: 17-02-2018

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9 months 2 weeks ago #4846 by mamta
PRESS RELEASE, DATED: 17-02-2018 was created by mamta
PRESS RELEASE, DATED: 17-02-2018

February 17, 2018

Signing of DTAA by India and Iran on 17th February, 2018

India and Iran signed an Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income, today at 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.

The Agreement also meets treaty related minimum standards under G20 OECD Base Erosion & Profit Shifting (BEPS) Project, in which India participated on an equal footing.

(Surabhi Ahluwalia)
Commissioner of Income Tax
(Media & Technical Policy)
Official Spokesperson, CBDT



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