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Iraq - Kuwait Tax Treaty (The Arab Economic Unity Council) (1973) — 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.


Procedures of Interpretation of the Treaty

(1) Each contracting state is entitled to require interpretation of the provisions of the instant treaty if it is established that another contracting state has applied or is applying a provision of the instant treaty improperly and that it deviates from the intended objectives and purposes for avoidance of tax duality and control of tax evasion.

(2) An application is made to the General Secretary of the Arab Economic Unity Council enclosed with the necessary information and documents. And the Secretary General shall call the committee set forth in the following paragraph of this Article for convention within two (2) months as of the date of receiving the application.

(3) The Monetary and Financial Committee of the Arab Economic Unity Council has competence to consider the applications made by virtue of the instant article. Each of the contracting states is represented by a member of the financial and taxation experts therein. Meeting of the committee is only deemed valid if attended by the financial and taxation experts in all the states which ratified the treaty. Resolution of the committee shall be final and binding upon approval of the Arab Economic Unity Council and it is deemed as part of this treaty.