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of <h1>Article 7 of DTAA: Tax Business Profits Only in Home State Unless Permanent Establishment Exists Abroad</h1> Article 7 of the Double Taxation Avoidance Agreement (DTAA) between two Contracting States outlines the taxation of business profits. Profits of an enterprise 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. 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. The method for determining profits should be consistent annually unless justified otherwise, and specific income items governed by other treaty articles are not affected by these provisions.
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