https://www.taxtmi.com/acts?id=45672 The clarifies key treaty definitions and operational rules: it expands person and resident definitions (including specified government entities, certain Saudi-resident Indian individuals, and tax-exempt legal persons), defines fiscal years, and treats Zakat as a tax on income. It narrows the taxable scope of business profits from exports and construction contracts to amounts attributable to a permanent establishment in the other State, includes sales outlets and agricultural sites within Permanent Establishment, and preserves domestic-law limits on expense deductions while providing for information exchange and potential mutual assistance in tax collection. en-us Fri, 22 Nov 2024 10:41:12 +0530 Fri, 22 Nov 2024 10:45:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45672 The clarifies key treaty definitions and operational rules: it expands person and resident definitions (including specified government entities, certain Saudi-resident Indian individuals, and tax-exempt legal persons), defines fiscal years, and treats Zakat as a tax on income. It narrows the taxable scope of business profits from exports and construction contracts to amounts attributable to a permanent establishment in the other State, includes sales outlets and agricultural sites within Permanent Establishment, and preserves domestic-law limits on expense deductions while providing for information exchange and potential mutual assistance in tax collection. Act-Rules DTAA Fri, 22 Nov 2024 10:41:12 +0530 https://www.taxtmi.com/acts?id=45672