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Untd A Emirates - Iraq Tax Treaty (2017, not yet in force) — Orbitax Tax Hub

Note: This Treaty may be impacted by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI). MLI impact on Tax Treaties is available with the Orbitax International Tax Research & Compliance Expert.

ARTICLE 14

Capital Gains

(1) Gains derived by a resident in a Contracting State from the alienation of immovable property referred to in Article 7 only in the other Contracting State where property are located.

(2) Gains derived from the alienation of moveable property which are part of business property of a permanent establishment owned by an enterprise of a Contracting State in the other Contracting State, or movable property relating to a fixed base available to a resident of a Contracting State in the other Contracting State, which are closely connected with independent personal services the resident performs in that State, including capital profits derived from the alienation of such permanent establishment “alone or with the whole of the enterprise” or such a fixed base, shall be taxable only in the other Contracting State.

(3) Gains derived from the alienation of ships, aircraft, railway vehicles operating in international transport, or movable assets related to the operation of such ships and aircraft, shall be taxable only in that Contracting State where the actual headquarters of the enterprise management is situated.

(4) Gains derived from the alienation of any property other than those mentioned in above-mentioned paragraphs (1), (2) or (3) shall be taxable only in the Contracting State where the residence of the alienator.