Taxes

Agency

A company that offers specialized services to a foreign entity is known as a dependent agency. This establishes a permanent presence for the foreign entity in the country where the agency is located, resulting in taxation of income earned from that country. Conversely, an independent agency does not create a permanent establishment and does not incur taxation on income earned in the country where it operates.

Related terms

Recovery of tax

Understand the meaning and definition of Recovery of tax in the context of stock market, trading, and investments.

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Sham transaction

Understand the meaning and definition of Sham transaction in the context of stock market, trading, and investments.

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Value added tax (vat)

Understand the meaning and definition of Value added tax (vat) in the context of stock market, trading, and investments.

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Fruit and tree doctrine

Understand the meaning and definition of Fruit and tree doctrine in the context of stock market, trading, and investments.

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Undistributed profits tax

Understand the meaning and definition of Undistributed profits tax in the context of stock market, trading, and investments.

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Customs duties

Understand the meaning and definition of Customs duties in the context of stock market, trading, and investments.

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