Iraq (IP) - The Chairman of Iran's Tax Affairs Organization and Iraq's Minister of Finance signed a memorandum of understanding for avoiding double taxation between the two countries.

Iran PressIran news: Iran's Davood Manzour and Iraq's Ali Allawi signed the documents of the amendment protocol to the agreement between the two countries to avoid double taxation in bilateral trade. 

The agreement also deals with exchanging information on income and capital taxes, which facilitates and shores up trade and economic relations between the two countries and expands cooperation between stakeholders in the very MoU.

With the documents signed and their ratification steps completed, the law on avoiding double taxation between Iran and Iraq will be enforced. 219