Foreign corporations are usually taxed on business income earned through what?
AA permanent establishment
BA shareholder loan
CA local bank account
DA trademark filing
Answer & Solution
Correct answer: A. A permanent establishment
Most jurisdictions tax foreign corporations on business income earned in the country through a branch or permanent establishment.
Keep practising Basic Concepts
Browse all Basic Concepts questions for CA Final, or explore more Taxation topics.
Related questions
Which tax is imposed by many countries on foreign corporations to offset the lack of dividIn October 2021, some 136 countries agreed to enforce a corporate tax rate of at least whaIn law, a company is defined as what kind of person?What does group relief allow related corporations to do?In systems allowing financing costs as deductions, which item is usually deductible?Net profit for corporate tax generally starts from which base?Which kind of tax system taxes only income earned within the country's borders?What is a corporate tax in general?