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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Article 25 of DTAA: Ensures Non-Discrimination in Taxation Between Iceland and Another State for Equal Business Conditions.</h1> Article 25 of the Double Tax Avoidance Agreement (DTAA) between Iceland and another contracting state addresses non-discrimination in taxation. It ensures that nationals of one contracting state are not subjected to more burdensome taxation in the other state than nationals of that state in similar circumstances. Taxation on a permanent establishment of an enterprise from one state in the other state should not be less favorable than for local enterprises. Interest, royalties, and debts should be deductible under the same conditions regardless of residency. Enterprises controlled by residents of the other state should not face more burdensome taxation than similar local enterprises. These provisions apply to all types of taxes.
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