Limitation of benefits permits taxation where treaty limits tax but income is exempt under the other State's domestic law. Article 24 provides that if the Convention limits a Contracting State's right to tax and the income is exempt under the other State's domestic law, the ... Summary
Limitation of benefits permits taxation where treaty limits tax but income is exempt under the other State's domestic law.
Article 24 provides that if the Convention limits a Contracting State's right to tax and the income is exempt under the other State's domestic law, the first State may tax that income as if the Convention did not exist; the rule applies reciprocally between India and Namibia.
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