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of <h1>Understanding Article 7 of DTAA: Taxation of Business Profits and Permanent Establishments Explained</h1> Article 7 of the Double Taxation Avoidance Agreement (DTAA) between Trinidad and Tobago addresses the taxation of business profits. It stipulates that profits of an enterprise from one Contracting State are taxable only in that State, unless the enterprise operates in the other State through a permanent establishment. In such cases, only profits attributable to that establishment may be taxed in the other State. Profits should reflect what the establishment would earn independently, with allowable deductions for business-related expenses. Profits from mere purchasing activities are not attributed to the permanent establishment, and consistent profit attribution methods should be used annually unless justified otherwise.
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