https://www.taxtmi.com/acts?id=41723 The Mutual Agreement Procedure allows a person alleging treaty-inconsistent taxation to present a case to the competent authority of residence or nationality; that authority must, if justified and unable to resolve the matter domestically, seek a mutual agreement with the other State's competent authority to avoid taxation contrary to the treaty, and any agreement reached is to be implemented notwithstanding domestic time limits. Competent authorities must also endeavour to resolve interpretation or application issues, consult to eliminate double taxation beyond the treaty's text, communicate directly, and may use a Commission for oral exchanges to reach agreement. en-us Fri, 05 May 2023 16:40:46 +0530 Fri, 08 Nov 2024 15:03:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41723 The Mutual Agreement Procedure allows a person alleging treaty-inconsistent taxation to present a case to the competent authority of residence or nationality; that authority must, if justified and unable to resolve the matter domestically, seek a mutual agreement with the other State's competent authority to avoid taxation contrary to the treaty, and any agreement reached is to be implemented notwithstanding domestic time limits. Competent authorities must also endeavour to resolve interpretation or application issues, consult to eliminate double taxation beyond the treaty's text, communicate directly, and may use a Commission for oral exchanges to reach agreement. Act-Rules DTAA Fri, 05 May 2023 16:40:46 +0530 https://www.taxtmi.com/acts?id=41723