INCOME NOT EXPRESSLY MENTIONED Sample Clauses
The "Income Not Expressly Mentioned" clause defines how any types of income or revenue that are not specifically listed elsewhere in the agreement will be treated. Typically, this clause ensures that all forms of income, even those not anticipated or detailed in the contract, are still subject to the agreement’s terms—such as sharing, reporting, or allocation requirements. For example, if a new revenue stream arises from a business activity not originally contemplated, this clause would clarify how that income is handled. Its core function is to prevent disputes or loopholes by ensuring that all income, whether specified or not, is covered by the contract’s provisions.
POPULAR SAMPLE Copied 1 times
INCOME NOT EXPRESSLY MENTIONED. Items of income of a resident of a Contracting State which are not expressly mentioned in the foregoing Articles of this Agreement shall be taxable only in that Contracting State except that if such income is derived from sources in the other Contracting State, it may also be taxed in that other State.
INCOME NOT EXPRESSLY MENTIONED. Items of income not expressly mentioned in the foregoing Articles of this Convention and arising in a Contracting State may be taxed in that State.
INCOME NOT EXPRESSLY MENTIONED. Items of income of a resident of a Contracting State which are not expressly mentioned in the foregoing Articles of the Convention may be taxed in the State where the income arises.
INCOME NOT EXPRESSLY MENTIONED. Items of income of a resident of one of the States which are not expressly mentioned in the foregoing Articles of this Convention shall be taxable only in that State.
INCOME NOT EXPRESSLY MENTIONED. Items of income of a resident of a Contracting State which are not expressly mentioned in the foregoing Articles of this Convention may be taxed in both Contracting States.
INCOME NOT EXPRESSLY MENTIONED. Items of income of a resident of a Contracting State are not expressly mentioned in the foregoing Articles of this Agreement in respect of which he is subject to tax in that State shall be taxable only in that State.
INCOME NOT EXPRESSLY MENTIONED. (1) Items of income of a resident of one of the Contracting States which are not expressly mentioned in the foregoing Articles of this Agreement shall be taxable only in that State.
(2) However, any such income derived by a resident of one of the Contracting State may also he taxed in that other State.
(3) The provisions of paragraph (1) shall not apply to income derived by a resident of one of the Contracting States where that income is effectively connected with a permanent establishment or fixed base situated in the other Contracting State. In such a case, the provisions of Article 7 or 14, as the case may be, shall apply.
INCOME NOT EXPRESSLY MENTIONED. Items of income which are not expressly mentioned in the foregoing Articles of this Agreement may be taxed in accordance with the taxation laws of the respective Contracting States.
INCOME NOT EXPRESSLY MENTIONED. The laws in force in each Contracting State shall continue to govern the taxation of income in the respective Contracting States except where express provision to the contrary has been made in this Agreement.
INCOME NOT EXPRESSLY MENTIONED. 1 Items of income of a resident of one of the Contracting States which are not expressly mentioned in the foregoing Articles of this Agreement shall be taxable only in that State.