Common use of Direct Taxation Clause in Contracts

Direct Taxation. Israel and the Palestinian side 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.

Appears in 3 contracts

Samples: Protocol on Economic Relations, Protocol on Economic Relations, Protocol Concerning Legal Affairs

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Direct Taxation. 1. Israel and the Palestinian side 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:

Appears in 1 contract

Samples: Agreement on the Gaza Strip and the Jericho Area

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