DT3660.20 - DT: Bolivia: double taxation agreement, SI 95 No.2707, Article 20: Students and other trainees
- Payments which a student or other trainee who is or was
immediately before visiting a Contracting State a resident of the
other Contracting State and who is present in the first-mentioned
State solely for the purpose of his education or training receives
for the purpose of his maintenance, education or training shall not
be taxed in that first-mentioned State, provided that such payments
arise from sources outside that State.
- The income derived by such a student or trainee in respect of
activities exercised in the first-mentioned Contracting State shall
not be taxable in that State unless it exceeds the sum of
£3,500 (or the equivalent in Bolivian currency) for any year
of assessment in addition to any exemption or allowance provided
under the law of that State.
- In no event shall any person have the benefit of the provisions
of paragraph (2) of this Article for more than five fiscal years.
