The Double Taxation Relief and International Tax Enforcement (Israel) Order 2019

• Citation: S.I. 2019/1111
• Sections: 3

Section 1 Citation

This Order may be cited as the Double Taxation Relief and International Tax Enforcement (Israel) Order 2019.

Section 2 Double taxation and international tax enforcement arrangements to have effect

It is declared that–

(a) the arrangements specified in the Protocol set out in the Schedule to this Order have been made with the Government of the State of Israel;

(b) the arrangements have been made with a view to affording relief from double taxation in relation to capital gains tax, corporation tax and income tax and taxes of a similar character imposed by the laws of the State of Israel and for the purposes of assisting international tax enforcement; and

(c) it is expedient that those arrangements should have effect.

Section 2

Where a Contracting Party includes in the profits of an enterprise of its territory – and taxes accordingly – profits on which an enterprise of the other territory has been charged to tax in that other territory and the profits so included are profits which would have accrued to the enterprise of the first-mentioned territory if the conditions made between the two enterprises had been those which would have been made between independent enterprises, then the other Party shall make an appropriate adjustment to the amount of the tax charged therein on those profits. In determining such adjustment, due regard shall be had to the other provisions of this Convention and the taxation authorities of the territories shall if necessary consult each other.