Tag: International Tax

Introduction to Arbitration

 

https://media.rss.com/taxbeech/feed.xml At present, the Mutual Agreement Procedure (MAP) resolves the tax issues arising from cross-border tax. It has been successful in its attempts to resolve tax matters brought by taxpayers to the competent authorities. But as per the OECD MAP statistics 2020, it is a long-drawn process. https://www.youtube.com/watch?v=j7uX9ZdUgG0&list=PLYkyV5logMkUCUKMAkwesbgVNc7Z2K-9X&index=1 ArbitrationImpact of BEPS on ArbitrationScope of Arbitration … Continue reading Introduction to Arbitration →

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Article 17 | Taxation of Entertainers and Sportspersons

 

When Angelina Jolie shoots a film in Prague and Italy, where does she pay her income tax, in Prague, Italy, or the USA? Or how your favorite footballer plans taxation of the prize money of the tournament? Entertainers and sportspersons tend to travel locally and globally for performance and events. Gaining the right to tax … Continue reading Article 17 | Taxation of Entertainers and Sportspersons →

Immovable Property | Article 6 | OECD Model Tax Convention

 

Lara is from London, who owns a beautiful lake house offering bed and breakfast in Spain. She is wondering whether her income from the property is from the income from immovable property (real property) or not. Let's try to understand what is income from real (immovable property). If running short of time, you can listen … Continue reading Immovable Property | Article 6 | OECD Model Tax Convention →

What are the taxes covered under Tax Treaty? Article 2

 

Article 2 of the OECD Model Tax treaty is about the taxes covered under the treaty entered into by the Contracting States. Table Of ContentsWhat is the purpose of Article 2 of the OECD Model Tax Treaty?Extract of Article 2 of the OECD Model Tax Treaty.What are the taxes covered in the treaty?Does Article 2 … Continue reading What are the taxes covered under Tax Treaty? Article 2 →

Summary on OECD Model Convention

 

Developing countries around the world use the OECD model convention for framing their tax treaties. Today we will understand the components forming part of this model convention and how to approach the same. Broadly understanding the Model convention will provide the bird's eye view of the Model Treaty.  https://www.youtube.com/watch?v=b2-X3d37kSM Part 1: Scope of the Model … Continue reading Summary on OECD Model Convention →

Concept of Residence vs. Concept of Source

 

Since the 20th century the increased cross border trade and investments has led to flow of man, money and machines between countries. Cross border transactions resulted in to income streams from various countries and with that the dilemma which country should tax the income. To benefit their exchequer, many countries started with aggressive income tax, … Continue reading Concept of Residence vs. Concept of Source →