Term 'Business Income' In DTA Agreements

Term Business Income In DTA Agreements

As a general rule, each country will tax a non-resident enterprise, engaged in the active pursuit of business in its territory, with a certain degree of intensity and regularity. Historically, the treatment of business income of a taxpayer is governed by a tax convention, which is tied to the 'permanent establishment' concept. A business enterprise or undertaking is subject to income tax on its industrial and commercial profits on parity with local enterprises in a treaty country, but only when it is engaged in trade or business in the country through a permanent establishment.

 

News & Events

PD PORTAL Current Updates
Aug 23, 2013

Indian companies that went on a massive acquisition drive abroad in the recent years will now have to pay more ...

Aug 12, 2013

The finance ministry is set to unveil a slew of measures it could take over the next few months to boost capital flows ...

Aug 8, 2013

On a day when two high-powered committees met at the Reserve Bank of India (RBI) headquarters in Mumbai, the rupee fell , ...

Aug 7, 2013

The World Bank has given final approval of a $340 million financing package for a crucial hydroelectric power plant in Africa's...

Jul 27, 2013

France's Vivendi said on Friday that it planned to sell 85 percent of its stake in Activision Blizzard Inc to the video games ...