When it comes to international business, understanding the double taxation agreements between countries is important to ensure that income is not taxed twice. Greece, like many other countries, has entered into double taxation agreements with other nations to protect against double taxation. However, figuring out which article of the country`s double taxation agreement covers income in a specific request can be challenging.
To determine which article of Greece`s double taxation agreement covers income in a specific request, it is necessary to examine the agreement itself. Double taxation agreements typically outline the rules for determining which country has the right to tax certain types of income. In Greece`s double taxation agreements, there are several articles that cover different types of income and the rules for taxation.
For example, Article 6 of Greece`s double taxation agreement with the United States covers income from real property. This article outlines the rules for determining whether income from real property located in one country can be taxed by the other country. Similarly, Article 7 covers business profits, while Article 10 covers dividends.
To determine which article of Greece`s double taxation agreement covers income in a specific request, it is necessary to consider the type of income in question. For example, if the income is from employment, it may be covered by Article 15 of Greece`s double taxation agreement with the United States, which outlines the rules for taxation of income earned by employees working in one country but paid by an employer in another country.
It is important to note that double taxation agreements can be complex and vary between countries. Therefore, it is recommended that businesses consult with an experienced tax professional or attorney knowledgeable in international tax law to determine which article of the country`s double taxation agreement covers income in a specific request in Greece or any other country. Proper consultation can help businesses avoid double taxation and ensure compliance with international tax laws.