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of <h1>Article 7 of DTAA: Business profits taxable in home state unless tied to a permanent establishment in another state.</h1> Article 7 of the Double Tax Avoidance Agreement (DTAA) between Romania and another Contracting State addresses the taxation of business profits. It stipulates that an enterprise's profits are taxable only in its home state unless it operates through a permanent establishment in the other state, in which case only profits attributable to that establishment may be taxed there. The profits attributed to a permanent establishment should reflect what it would earn as an independent entity. Deductions for expenses related to the permanent establishment are allowed, and profits should be consistently determined annually unless justified otherwise. Separate income items are governed by their respective provisions within the agreement.
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