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of <h1>Enterprise Profits Taxed Only in Home State Unless Permanent Establishment Exists; Deductions Allowed for Establishment Expenses</h1> The profits of an enterprise from one contracting state are taxable only in that state unless it operates in the other state through a permanent establishment. Profits attributable to such an establishment may be taxed in the other state. Deductions for expenses incurred for the permanent establishment are allowed, except for payments like royalties or interest to the head office, unless it's a banking enterprise. Profits from mere purchasing activities by the permanent establishment are not attributed to it. Profit determination methods should remain consistent annually unless justified otherwise. Separate income items covered by other agreement articles remain unaffected by this article.
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