The income tax treaty between Cyprus and Iran entered into force on 5 March 2017. The treaty, signed 4 August 2015, is the first of its kind between the two countries. Taxes Covered The treaty covers Cyprus income tax, corporate income tax, special contribution for the defence of the republic, and capital gains tax. It covers Iran income tax. Withholding Tax Rates Dividends - 5% if the beneficial owner is a company directly holding at least 25% of the paying company's capital; otherwise 10% Interest - 5% Royalties - 6% Capital Gains The following capital gains derived by a resident...