The governments of Switzerland and Iran have signed protocol amending their tax treaty, Switzerland’s Federal Council announced June 3.
The agreement, signed in Teheran, adds an anti-abuse provision to implement the minimum standards for tax treaties agreed to as a result of the OECD/G20 base erosion profit shifting (BEPS) plan.
The protocol also adds a new provision concerning the exchange of information upon request.
The agreement is not yet in force; it must be approved by the legislatures of both countries.
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