Direct Taxation. 1. Israel and the Palestinian Authority will each determine and regulate independently its own tax policy in matters of direct taxation, including income tax on individuals and corporations, property taxes, municipal taxes and fees. 2. Each tax administration will have the right to levy the direct taxes generated by economic activities within its area. 3. Each tax administration may impose additional taxes on residents within its area on (individuals and corporations) who conduct economic activities in the other side's area. 4. Israel will transfer to the Palestinian Authority a sum equal to: a. 75% of the income taxes collected from Palestinians from the Gaza Strip and the Jericho Area employed in Israel. b. The full amount of income taxes collected from Palestinians from the Gaza Strip and Jericho Area employed in the settlements. 5. The two sides will agree on a set of procedures that will address all issues concerning double taxation.
Appears in 8 contracts
Samples: Agreement on the Gaza Strip and the Jericho Area, Protocol on Economic Relations, Protocol on Economic Relations
Direct Taxation. 1. Israel and the Palestinian Authority will each determine and regulate independently its own tax policy in matters of direct taxation, including income tax on individuals and corporations, property taxes, municipal taxes and fees.
2. Each tax administration will have the right to levy the direct taxes generated by economic activities within its area.
3. Each tax administration may impose additional taxes on residents within its area on (individuals and corporations) who conduct economic activities in the other side's ’s area.
4. Israel will transfer to the Palestinian Authority a sum equal to:
a. 75% of the income taxes collected from Palestinians from the Gaza Strip and the Jericho Area employed in Israel.
b. The full amount of income taxes collected from Palestinians from the Gaza Strip and Jericho Area employed in the settlements.
5. The two sides will agree on a set of procedures that will address all issues concerning double taxation.
Appears in 1 contract
Samples: Economic Relations Protocol
Direct Taxation. 1. Israel and the Palestinian Authority will each determine and regulate independently its own tax policy in matters of direct taxation, including income tax on individuals and corporations, property taxes, municipal taxes and fees.
2. Each tax administration will have the right to levy the direct taxes generated by economic activities within its area.
3. Each tax administration may impose additional taxes on residents within its area on (individuals and corporations) who conduct economic activities in the other side's area.
4. Israel will transfer to the Palestinian Authority a sum equal to:
a. : 75% of the income taxes collected from Palestinians from the Gaza Strip and the Jericho Area employed in Israel.
b. . The full amount of income taxes collected from Palestinians from the Gaza Strip and Jericho Area employed in the settlements.
5. The two sides will agree on a set of procedures that will address all issues concerning double taxation.
Appears in 1 contract
Samples: Protocol on Economic Relations