We can provide current and historical tax rates, comparison tables and country surveys through our specialized tax databases. We have current key summaries and detailed analysis of the tax system in countries around the world on corporate taxation, individual taxation, business and investment. (2) When a contracting state profits from a state enterprise in the profits of a state enterprise – and taxes accordingly – on which a firm of the other contracting state was taxed in that other state, are the profits that the company of the first state would have incurred if the conditions imposed between the two enterprises had been made between independent enterprises that would have been made between independent enterprises. , the competent authorities of the contracting states may consult in order to reach an agreement on the adjustment of benefits in the two States Parties. 3. The competent authorities of the contracting states endeavour to resolve by mutual agreement any difficulty or doubt about the interpretation or application of this convention. They may also consult to discuss measures to remedy the improper application of the provisions of this Convention. 2. To the extent that the tax privileges granted to members of diplomatic and consular missions in accordance with the general rules of international law or the provisions of special international agreements are not subject to taxation of income or income from capital in the host state, the right to taxation is reserved for the State of origin. There are provisions that protect nationals and businesses in one country from discriminatory taxation in the other country (Article 29).
A consultation and exchange of information is planned between the tax authorities of the two countries (Articles 30 and 31). any unresolved issue arising from the case is referred to arbitration if the person requests it. However, these unresolved issues are not subject to arbitration if a court or administrative tribunal in both states has already made a decision on these issues. Unless a person directly involved in the case accepts the reciprocal agreement by which the arbitration decision is implemented, that decision binds the two States parties and is transposed into the domestic legislation of those states, without delay. The competent authorities of the contracting states agree on how this paragraph will be applied. The Double Taxation Agreement came into force on December 17, 2013. If you are considered a tax payer in two or more countries, it is important to understand any tax breaks through double taxation agreements 1. The competent authorities of the contracting states exchange information that is foreseeable for the application of the provisions of this Convention or for the administration or enforcement of the national legislation of the contracting states relating to taxes of any kind and description, collected on behalf of the States Parties or their political subdivision or their local authorities, provided that the tax purpose of the convention is not contrary to the Convention. The exchange of information is not limited by Articles 1 and 2. This Convention does not affect the tax privileges of members of diplomatic or permanent missions or consular missions, in accordance with the general rules of international law or the provisions of specific agreements.