The income tax treaty between Iraq and Turkey was signed on 17 December 2020. The treaty is the first of its kind between the two countries.
Taxes Covered
The treaty covers Iraqi income tax, real estate tax, and income tax on income of foreign contracting companies in Iraq. It covers Turkish income tax and corporate tax.
Service PE
The treaty includes the provision that a permanent establishment will be deemed constituted when an enterprise furnishes services within a Contracting State …