On 3 June 2019, officials from Iran and Switzerland signed an amending protocol to the 2002 income and capital tax treaty between the two countries. The protocol makes the following changes to the treaty:
- The preamble is replaced in line with BEPS standards;
- Article 3 (General definitions) is amended in respect of the meaning of competent authority for Switzerland, which is the Head of the Federal Department of Finance or his authorized representative;
- Article 7 (Business profits) is amended…