Avoidance of double taxation: Agreement allocates taxing rights between India and Romania and provides mechanisms to prevent fiscal evasion. An international tax treaty between India and Romania sets rules to avoid double taxation and prevent fiscal evasion by defining residents, permanent establishment and other terms; allocating taxing rights by income category (including business profits, immovable property, dividends, interest, royalties and capital gains); providing withholding limits and exceptions where income is effectively connected with a permanent establishment or fixed base; and establishing mechanisms for elimination of double taxation, non discrimination, exchange of information, mutual agreement procedure, assistance in tax collection and limitation of benefits.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Avoidance of double taxation: Agreement allocates taxing rights between India and Romania and provides mechanisms to prevent fiscal evasion.
An international tax treaty between India and Romania sets rules to avoid double taxation and prevent fiscal evasion by defining residents, permanent establishment and other terms; allocating taxing rights by income category (including business profits, immovable property, dividends, interest, royalties and capital gains); providing withholding limits and exceptions where income is effectively connected with a permanent establishment or fixed base; and establishing mechanisms for elimination of double taxation, non discrimination, exchange of information, mutual agreement procedure, assistance in tax collection and limitation of benefits.
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