https://www.taxtmi.com/acts?id=5091 Taxation of business profits grants primary taxing rights to the State of the enterprise and allows the State of a permanent establishment to tax profits attributable to it. Attributable profits are computed as if the permanent establishment were a distinct and separate enterprise operating under similar conditions and dealing independently. Deductible expenses incurred for the permanent establishment are allowed whether incurred locally or elsewhere. No profit is attributed solely for purchases of goods. The method of attribution is to be applied consistently unless good reason warrants change, and other Article provisions for specific income items are unaffected. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 27 Nov 2024 17:08:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5091 Taxation of business profits grants primary taxing rights to the State of the enterprise and allows the State of a permanent establishment to tax profits attributable to it. Attributable profits are computed as if the permanent establishment were a distinct and separate enterprise operating under similar conditions and dealing independently. Deductible expenses incurred for the permanent establishment are allowed whether incurred locally or elsewhere. No profit is attributed solely for purchases of goods. The method of attribution is to be applied consistently unless good reason warrants change, and other Article provisions for specific income items are unaffected. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5091