Iran, Finland Ink Double Tax Avoidance Agreement

Iran, Finland Ink Double Tax Avoidance Agreement

TEHRAN (Tasnim) – Iranian and Finnish officials signed a double tax avoidance agreement (DTAA), a tax treaty that will help the two countries promote trade and business cooperation.

The double tax deal was signed on Monday during the presence of Finnish Foreign Minister Pekka Haavisto in the headquarters of the Iranian Ministry of Economic Affairs and Finance, where he met Iranian Finance Minister Ehsan Khandouzi.

Khandouzi said in the meeting that the tax agreement could enable Iran and Finland to restore their economic relations to the levels seen before the US sanctions hit trade between the two nations in 2018.

Hailing humanitarian stances adopted by Scandinavian countries like Finland, Khandouzi said Iran hopes to increase its imports of pharmaceuticals from the country as a result if signing the tax treaty, Press TV reported.

The minister said that Iran’s growing trade relations with countries like Finland shows that the country will no longer limit itself to economic ties with Britain, France and Germany as the three major European powerhouses.

For his part, Haavistoin hailed Finland’s booming relations with Iran and said that senior government authorities in the country are keen on expanding bilateral ties.

The tax treaty comes amid Iran’s efforts to provide certainty for business and trade activity and to strengthen economic ties with the rest of the world as the country uses increased trade revenues to offset the impacts of American sanctions on its crude exports.

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