Tag Archives | Taxation

How International Treaties Come into Force?

International treaties regulate the relations between international persons or States under international law. The term “treaty” refers to an agreement, which is concluded between sovereign States in written form. It is a generic term used to cover a convention, agreement, arrangement, protocol or exchange of notes. A treaty is initialed after negotiations and then signed. The heads of State, senior [...]

By |2016-06-22T16:01:11+00:00June 22, 2016|International Taxation|Comments Off on How International Treaties Come into Force?

Limitations of Double Tax Treaties

In this article we will discuss about the limitations of double tax treaties. (i) The other Contracting State does not exercise its allocated rights to tax under a treaty, or (ii) A tax treaty gives the State the right to tax, but no tax is due under its domestic law. Only the domestic tax law in each country has the [...]

By |2016-06-22T16:01:11+00:00June 22, 2016|International Taxation|Comments Off on Limitations of Double Tax Treaties

Remedies against Treaty Overrides

Treaty violations could be either the result of a treaty breach or a fundamental change of circumstances. A treaty breach could arise when the State legislates in breach of a treaty provision, and applies its law to actual tax situations. Such legislation will be treated as an override only if the treaty partner disapproves of it unequivocally. It then violates [...]

By |2016-06-22T16:01:11+00:00June 22, 2016|International Taxation|Comments Off on Remedies against Treaty Overrides
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