Common use of Internal Taxation Clause in Contracts

Internal Taxation. 1. The Parties and Signatory Parties shall apply any internal taxes and other charges and regulations in accordance with Article III of the GATT 1994 and other relevant WTO Agreements. 2. Nothing in this Agreement shall affect the rights and obligations of any Party or Signatory Party under any tax convention and/or agreement to which they are party to avoid double taxation. In the event of any inconsistency between this Agreement and that convention and/or agreement, that convention and/or agreement shall prevail to the extent of the inconsistency.