General definitions in the India-Korea tax treaty clarifying residence, taxable persons, international traffic, and competent authorities. Article 3 defines the core terms for the India-Korea tax treaty: territorial scope of India and Korea; "Contracting State" as either State; "person", ... Summary
General definitions in the India-Korea tax treaty clarifying residence, taxable persons, international traffic, and competent authorities.
Article 3 defines the core terms for the India-Korea tax treaty: territorial scope of India and Korea; "Contracting State" as either State; "person", "company", and "enterprise" as taxable entities; "enterprise of a Contracting State" linked to residence; "international traffic" for transport by ships or aircraft; identification of competent authorities; "national" covering individuals and legal persons; "tax" confined to Indian or Korean taxes excluding penalties; "fiscal year" set by each State; and undefined terms to be given their domestic tax-law meanings.
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