The income and capital tax treaty between Hungary and Iraq entered into force on 6 May 2021. The treaty, signed 22 November 2016, is the first of its kind between the two countries. Taxes Covered The treaty covers Hungarian personal income tax, corporate tax, land parcel tax, and building tax. It covers Iraqi income tax, real estate tax, vacant land tax, and income tax on foreign oil companies contracting for work in Iraq. Service PE The treaty includes the provision that a permanent establishment will be deemed constituted if an enterprise furnishes consultancy or administrative services in a Contracting State...