Tax Treaty Definitions set territorial scope and core term meanings, governing application and competent authority roles. Article 3 fixes treaty terminology and territorial scope, defining "India" and "Iceland" for treaty purposes, and key concepts including person, company, ... Summary
Tax Treaty Definitions set territorial scope and core term meanings, governing application and competent authority roles.
Article 3 fixes treaty terminology and territorial scope, defining "India" and "Iceland" for treaty purposes, and key concepts including person, company, enterprise, "international traffic", "competent authority", "national", "tax" (excluding penalties) and each Contracting State's fiscal year. It further provides that any term not defined in the Agreement shall have the meaning it bears under the domestic tax law of the Contracting State applying the Agreement, with tax-law meanings prevailing for the taxes to which the Agreement applies.
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