How is double taxation of profit allocated to market jurisdictions relieved under Pillar One?
ABy refund of tax only
BExemption or credit method
CA fresh treaty each year
DBy a long tax holiday
Answer & Solution
Correct answer: B. Exemption or credit method
Pillar One relieves double taxation of profit allocated to market jurisdictions through either the exemption or credit method.
Keep practising Taxation of Digital Goods
Browse all Taxation of Digital Goods questions for CA Final, or explore more Taxation topics.
Related questions
How many Actions does the OECD BEPS project consist of?Which additional PE does the UN Model Tax Convention add in article 5(3)b?Under the OECD Model Tax Convention, which is one of the three essential types of permanenThe OECD technical guidance of 2 February 2023 concerned which set of rules?What did the 1992 Ruding Committee propose for EU member states?How many countries backed the OECD global minimum tax plan on 1 July 2021?In June 2021 the G7 finance ministers endorsed a global minimum corporate tax rate of at lWhich two countries published the joint Pillar Two proposal for a global minimum effective