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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Article 24 of DTAA: Ensures Equal Tax Treatment for Foreign Nationals and Enterprises to Prevent Discrimination</h1> Article 24 of the Double Tax Avoidance Agreement (DTAA) between two Contracting States ensures non-discrimination in taxation. Nationals of one state should not face more burdensome taxation in the other state than local nationals in similar circumstances. Taxation on permanent establishments should not be less favorable than for local enterprises engaged in similar activities, although higher rates on foreign companies are permissible. Enterprises owned by residents of one state should not face more burdensome taxation than similar local enterprises. Interest, royalties, and other payments to residents of the other state should be deductible under the same conditions as payments to local residents.
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