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of <h1>Uruguay's DTAA Article 7: Business Profits Taxed Only If Permanent Establishment Exists in Other State</h1> Article 7 of the Double Tax Avoidance Agreement (DTAA) between Uruguay and another Contracting State addresses the taxation of business profits. Profits of an enterprise from one state are taxable only in that state unless the business operates in the other state through a permanent establishment. In such cases, only profits attributable to that establishment can be taxed in the other state. Profits are determined as if the establishment were an independent entity, with deductions allowed for expenses incurred. Customary apportionment methods may be used, but no profits are attributed solely for purchasing goods. Consistent methods should be used annually unless justified otherwise.
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