https://www.taxtmi.com/acts?id=4441 Taxation of business profits is limited to the State of the enterprise unless business is carried on in the other Contracting State through a permanent establishment, in which case only profits attributable to that permanent establishment may be taxed there. Such profits are determined by attributing to the permanent establishment the profits it would be expected to make as a distinct and separate enterprise, allowing deductions for expenses incurred for its business under the taxing State's law, excluding mere purchase of goods, and applying the same attribution method year by year unless justified reasons require change. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 22 Oct 2024 11:38:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4441 Taxation of business profits is limited to the State of the enterprise unless business is carried on in the other Contracting State through a permanent establishment, in which case only profits attributable to that permanent establishment may be taxed there. Such profits are determined by attributing to the permanent establishment the profits it would be expected to make as a distinct and separate enterprise, allowing deductions for expenses incurred for its business under the taxing State's law, excluding mere purchase of goods, and applying the same attribution method year by year unless justified reasons require change. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4441