https://www.taxtmi.com/acts?id=4176 Article 24 prohibits tax measures in one Contracting State that are other or more burdensome than those applied to nationals or similar enterprises of that State, extending this protection to non-residents. It requires that permanent establishment taxation be no less favourable than for domestic enterprises, subject to allowances and Article 7(3); mandates equal deductibility conditions for interest, royalties and debts between cross border enterprises except where treaty exceptions apply; and forbids more burdensome taxation of enterprises owned or controlled by residents of the other State. The Article applies to taxes of every kind and description. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 25 Oct 2024 13:11:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4176 Article 24 prohibits tax measures in one Contracting State that are other or more burdensome than those applied to nationals or similar enterprises of that State, extending this protection to non-residents. It requires that permanent establishment taxation be no less favourable than for domestic enterprises, subject to allowances and Article 7(3); mandates equal deductibility conditions for interest, royalties and debts between cross border enterprises except where treaty exceptions apply; and forbids more burdensome taxation of enterprises owned or controlled by residents of the other State. The Article applies to taxes of every kind and description. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4176