Definition of tax and related terms clarifies treaty scope and domestic law precedence for undefined terms. Article 3 defines the treaty's essential terms: territorial scope of India and Thailand; "person", "company", and "enterprise" as residents' taxable ... Summary
Definition of tax and related terms clarifies treaty scope and domestic law precedence for undefined terms.
Article 3 defines the treaty's essential terms: territorial scope of India and Thailand; "person", "company", and "enterprise" as residents' taxable units; "tax" as Indian or Thai taxes excluding penalties; "national" covering individuals and entities under state law; "international traffic" for ships and aircraft with an exception; designated "competent authority" for each State; and differing "fiscal year" starts. Paragraph 2 provides that undefined terms take their meaning from the domestic tax law of the Contracting State applying the Agreement at that time.
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