New Treaty in Effect for Canada and Greece
Friday, July 03, 2009
The tax convention between Canada and The Hellenic Republic was signed on June 29, 2009. Like all other tax treaties signed by Canada, this one is intended to govern activities of residents and non-residents of Canada that in order to avoid of double taxation and prevent fiscal evasion with respect to taxes on income and on capital. The Treaty applies any person (corporate or individual) who is a resident of one or both of the Contracting States. The agreement provides a definition of resident, as well as a definition of permanent establishment. It also governs the method and approach to taxing income such as income from immovable property and business profits. In addition, the agreement contains rules governing the taxation of dividends and interest paid by a company that is a resident of a Contracting to a resident of the other Contracting State.
The electronic version of the Treaty is provided on the Department of Finance Canada website for convenience of reference. For more information and to review the actual text of the Treaty click on the following link or paste the URL you’re your web browser: http://www.fin.gc.ca/treaties-conventions/greece_1-eng.asp Copyright© 2009
Tax convention is a good one and have to be settle between Canada and The Hellenic Republic,the specifications in this,are really good and useful,and really having some useful features,and the main thing is the definition of permanent establishment,so good things make in this convention.
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