https://www.taxtmi.com/acts?id=6129 forbids a Contracting State from subjecting nationals of the other Contracting State to taxation or related requirements that are different or more burdensome than those applied to its own nationals; "nationals" includes individuals and legal entities. Taxation of a permanent establishment of an enterprise must be no less favourable than taxation of domestic enterprises engaged in the same activities, though resident-only personal allowances and family-related reliefs need not be extended. Enterprises owned or controlled by residents of the other State must not be taxed more heavily than similar domestic enterprises. The provision preserves certain domestic exemptions and defines "taxation" as taxes specified in the Convention. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 09 Dec 2024 12:23:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6129 forbids a Contracting State from subjecting nationals of the other Contracting State to taxation or related requirements that are different or more burdensome than those applied to its own nationals; "nationals" includes individuals and legal entities. Taxation of a permanent establishment of an enterprise must be no less favourable than taxation of domestic enterprises engaged in the same activities, though resident-only personal allowances and family-related reliefs need not be extended. Enterprises owned or controlled by residents of the other State must not be taxed more heavily than similar domestic enterprises. The provision preserves certain domestic exemptions and defines "taxation" as taxes specified in the Convention. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6129