On 9 September 2011, an income tax treaty between Iran and Ecuador was signed. The treaty is the first of its kind between the two countries. Taxes Covered The treaty covers Iranian income tax and Ecuadorian individual income tax and income tax on companies and similar entities. Residence If a company is a resident in both Contracting States, the competent authorities will determine the company's residence for the purpose of the treaty through mutual agreement. If the authorities cannot reach mutual agreement, the company will not be entitled to any benefits of the treaty. Withholding Tax Rates Dividends - 5%...