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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.

Foreign-source income

Foreign income is any income earned from countries other than the country where the taxpayer lives. This can include earnings from investments, businesses, or employment in ...

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Captive bank

A captive bank is a fully owned subsidiary of a multinational corporation that offers banking services to the parent company and its affiliated entities. These banks are typ...

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Refund (of tax)

When discussing taxation, it is important to understand the concept of tax repayment. Simply put, this refers to the amount of tax that is returned to a taxpayer. This can ...

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Net worth tax

The net worth tax is a common feature in many European countries, particularly in the realm of property taxation. For resident taxpayers, the taxable base often includes the...

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