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Taxes

Single entity approach

One method of taxing a legal entity's business is through a permanent establishment, rather than a subsidiary company. This approach, known as the single entity approach, treats a head office and permanent establishment as a single taxpayer for tax purposes. This means that even though they may be considered separate entities under accounting or commercial law, they are treated as one for taxation.

Retail sales tax

A single-stage tax is applied to the final sale of goods to consumers, regardless of whether they are purchased from retailers or other traders. This tax is calculated based...

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World wide income

A resident company or individual's income tax liability is determined by the country they reside in. This means that their worldwide income is subject to corporate or indivi...

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Imputation system

In finance, we often come across the term "imputation system". It refers to a tax system where a portion of the tax paid by a company on its profits is offset against the ta...

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Stock exchange turnover tax

A common term in finance is "securities transaction tax", which refers to the tax imposed on the buying and selling of securities on the stock exchange. This tax is usually ...

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