https://www.taxtmi.com/acts?id=16762 Article 24 requires that nationals and persons (including non-residents) of one Contracting State not be subjected in the other State to taxation or related requirements that are other or more burdensome than those applied to nationals of that other State; States need not grant personal allowances tied to civil status or family responsibilities to foreign residents. A permanent establishment of an enterprise must not be taxed less favorably than domestic enterprises, subject to a permitted deviation allowing up to a ten percentage point higher tax rate on profits of a foreign company's permanent establishment; interest, royalties and other disbursements are deductible on the same conditions as if paid to residents, unless specified treaty provisions apply, and equity-owned enterprises controlled by residents of the other State must receive no more burdensome taxation. The Article covers taxes of every kind and description. en-us Tue, 31 Jul 2012 11:55:45 +0530 Sat, 16 Nov 2024 13:14:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=16762 Article 24 requires that nationals and persons (including non-residents) of one Contracting State not be subjected in the other State to taxation or related requirements that are other or more burdensome than those applied to nationals of that other State; States need not grant personal allowances tied to civil status or family responsibilities to foreign residents. A permanent establishment of an enterprise must not be taxed less favorably than domestic enterprises, subject to a permitted deviation allowing up to a ten percentage point higher tax rate on profits of a foreign company's permanent establishment; interest, royalties and other disbursements are deductible on the same conditions as if paid to residents, unless specified treaty provisions apply, and equity-owned enterprises controlled by residents of the other State must receive no more burdensome taxation. The Article covers taxes of every kind and description. Act-Rules DTAA Tue, 31 Jul 2012 11:55:45 +0530 https://www.taxtmi.com/acts?id=16762