# The Double Taxation Relief (Taxes on Income) (Belarus) Order 1995, Paragraph 2: Interest Payable By A Permanent Establishment Of A Resident Of A Contracting State


In computing tax payable on its profits, there shall be allowed to a permanent establishment of a resident of a Contracting State, a deduction for interest incurred for the purpose of its trade or business whether paid to a bank or other person and without regard to the period of the loan, but that deduction shall not be available to the extent that the interest paid exceeds, for whatever reason, the amount which would have been agreed upon in the absence of a special relationship between the payer and the beneficial owner of the interest.

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Source: https://www.legislation.gov.uk/uksi/1995/2706/schedule/paragraph/2 (the official version)
Page: https://openlegislation.uk/double-taxation-relief-taxes-on-income-belarus-order-1995/schedule/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.