TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Article 7 of DTAA: Tax Business Profits in Home State Unless Permanent Establishment Exists; Deduct Relevant Expenses</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. In such cases, only profits attributable to that establishment or similar sales in the other state may be taxed there. Profits are determined as if the establishment were an independent entity, with deductions for relevant expenses allowed. Customary apportionment methods may be used, and consistent methods should be applied annually unless justified otherwise. Insurance business taxation and other specific income provisions remain unaffected.
TaxTMI 
TaxTMI 
