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

Abatement

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

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Office audit

Understand the meaning and definition of Office audit in the context of stock market, trading, and investments.

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Equal treatment

Understand the meaning and definition of Equal treatment in the context of stock market, trading, and investments.

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Credit, foreign tax

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

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Supplemental assessment

Understand the meaning and definition of Supplemental assessment in the context of stock market, trading, and investments.

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Arbitrage, tax

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

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