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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

Capital gain

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

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Capital loss

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

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Capitalize

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

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Accounts payable

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

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Taxable period

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

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