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of <h1>Article 7 of DTAA: Business profits taxable in home state unless there's a permanent establishment in another state.</h1> Article 7 of the Double Taxation Avoidance Agreement (DTAA) between two Contracting States outlines the taxation of business profits. Profits of an enterprise are taxable only in its home state unless it operates through a permanent establishment in the other state. Profits attributable to such an establishment can be taxed in the other state, calculated as if the establishment were an independent entity. Deductions for business expenses are allowed, excluding payments like royalties or interest to the head office. Profits are determined consistently each year unless justified otherwise, and apportionment of total profits is permissible if customary.
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