This document discusses various types of conflicts that can arise in international taxation between the principles of residence and source. Residence/source conflicts occur when the same income is taxed by both the country of residence under residence principles and the country of source under source principles. Source/source conflicts happen when multiple countries claim income was sourced from their territory. Residence/residence conflicts arise when two countries consider a taxpayer resident under their domestic laws. Double tax agreements aim to resolve these conflicts through provisions regarding sole residence or source taxation, or tiebreaker rules to determine sole residency.
This PPT is mainly on the basics of International Taxation which is confusing for many students and many professionals too nowadays. During this evolving world of multinational culture, International Taxation has gained significant importance of which all the professionals should be aware of.
I have tried to compile the concepts of international taxation in this PPT except the concept of Transfer Pricing which in itself is like a whole book.
I have inserted the core concepts which lead to the emergence of International Taxation in India.
This PPT is mainly on the basics of International Taxation which is confusing for many students and many professionals too nowadays. During this evolving world of multinational culture, International Taxation has gained significant importance of which all the professionals should be aware of.
I have tried to compile the concepts of international taxation in this PPT except the concept of Transfer Pricing which in itself is like a whole book.
I have inserted the core concepts which lead to the emergence of International Taxation in India.
The Easiest way to understand International taxation , Concept of Double taxation and its avoidance agreements (DTAA) and its types . Tax implication of activities of foreign enterprise in India: Mode of entry and taxation respectively.
B C Shetty & Co., Chartered Accountants are a dominant force when it comes to dealing with International Taxation.
Here we have a small demo of what we do in this regard.
The Easiest way to understand International taxation , Concept of Double taxation and its avoidance agreements (DTAA) and its types . Tax implication of activities of foreign enterprise in India: Mode of entry and taxation respectively.
B C Shetty & Co., Chartered Accountants are a dominant force when it comes to dealing with International Taxation.
Here we have a small demo of what we do in this regard.
International Taxation - Tax Research PaperKesha Haley
*Please do not use any material in this document without proper citation. The use of any material in this document without such citation constitutes plagiarism. Thank you.*
This paper was completed in partial satisfaction of course requirements for ACCT 8570(2) - International Taxation - at Kennesaw State University during the Summer 2009 eight week semester. The paper outlines the effect of the international taxation policy reform that President Obama has proposed, specifically the change in the deductibility of foreign expenses before the recognition of foreign income. The reform is intended to force MNCs to recognize income and pay taxes sooner on earnings that previously would not have been repatriated for a long time, if at all, and/or to invest more resources in the U.S. rather than on outsourcing certain aspects of operations.
Taxation 101 basic rules and principles in philippine taxation by jr lopez go...JR Lopez Gonzales
This was the informative speech on the basic taxation principles in the Philippines. It was a thirty-minute speech on the basics of the Philippine Tax system presented to the students of the Mindanao State University - Iligan Institute of Technology on 8 August 2011 for the Political Science 2 Lecture Series. The document was uploaded by JR Lopez Gonzales of www.politikalon.blogspot.com.
This is a short presentation for beginners wanting to learn a bit about the Indian Income-tax Act. It gives a snapshot of some of the basic terms in the Indian income-tax law. Hard core tax practitioners may kindly stay away! It's only the common man.
Need & the Rationale
Definition of Non Resident under Foreign Exchange Management Act, 1999 (FEMA) & Income Tax Act, 1961 (ITA)
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Non Resident taxation
Computation of Income
Minimum Alternate Tax for foreign company
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Before you even begin to consider a jump into the foreign real estate investment pool, it’s important to become as knowledgeable about the entire process as possible. One item that is particularly important to research and understand is the tax implications that go along with property investing overseas. To that end, we’ve put together this tax guide to help U.S. real estate investors gather some much needed tax information.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
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Here is the telegram contact of my personal pi vendor
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USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
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Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
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USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
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Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
CONFLICT OF SOURCE AND RESIDENCE PRINCIPLES OF TAXATION
1. CONFLICTS OF SOURCE AND RESIDENCE
ANU. K.S
PRINCIPLES OF TAXATION
M.Com (Accounting & Taxation)
Dept. of Commerce
Pondicherry University
anu444ks@gmail.com
2. WHAT IS INTERNATIONAL TAXATION?
• International taxation refers to tax levied on the
cross - border transaction.
• The transaction may take place between two or
more persons or entity in two or more countries
or tax jurisdiction .
• Such a transaction may involve a person in one
country with property and income flows in
another.
3. TYPES OF INTERNATIONAL TAXATION
• Residence based taxation : Residents of the
country are taxed on their worldwide (local and
foreign) income.
• Source Based Taxation : Only local income
(income from a source inside the country) is
taxed. Usually non-residents are taxed only on
their local income
4. WHAT IS A DOUBLE TAXATION?
• Double taxation occurs when tax is paid
more than once on the same taxable
income or asset.
5. TYPES OF DOUBLE TAXATION:
JURIDICAL: Double taxation is juridical when
the same person is taxed twice on the same
income by more than one state.
ECONOMIC: Double taxation is economic if
more than one person is taxed on the
same item.
6. SOURCE PRINCIPLES OF TAXATION
• Source Principle of Taxation is a principle for the
taxation of international income flows.
• According to the principle, if a country consider certain
income as taxable income when such income arises
within its jurisdiction, Such income is taxed regardless
of the residence of the taxpayer.
• i.e. residents and non-residents are taxed on income
derived from the country.
7. RESIDENCE PRINCIPLE OF TAXATION
• Principle according to which residents of a
country are subject to tax on their worldwide
income and non-residents are only subject to tax
on domestic-source income.
• Residents of the country are taxed on their
worldwide (local and foreign) income.
8. CONFLICTS OF RESIDENCE AND
SOURCE
Residence/Source Conflicts
• Most commonly, double taxation arises through the combined operation of the residence
and source principles.
• Under the residence principle, residents of a country are taxed on their worldwide income
and, under the source principle, non- residents are taxed on their domestic source income
only.
Example
• suppose a person resident of America with business or investment activities in India, will
be liable to tax on the income arising from the activity in India under the source principle
and in America under the residence principle.
9. SOURCE /SOURCE CONFLICT
• Similarly, while it is the international norm that
countries can tax non-residents on income
sourced within their jurisdiction, there is no
internationally agreed set of source rules for this
purpose. Instances of source/source conflicts
can be found for almost all classes of income.
• When more than one country claim that revenue
was sourced from its territory.
10. EXAMPLES
• Example-1 some countries may regard business profits as
sourced within the jurisdiction if the profits are attributable to a
permanent establishment in the jurisdiction, while other
countries may regard business profits as sourced in the
jurisdiction if the place of contract is in the jurisdiction.
• Example-2 royalties – some countries may regard royalties as
sourced in the jurisdiction if the underlying property giving rise
to the royalty is used in the jurisdiction, while other countries
may regard it as sourced in the jurisdiction if the royalty is paid
by a resident of the jurisdiction.
11. RESIDENCE/RESIDENCE CONFLICTS
• Two or more countries claim that a particular
taxpayer is a resident of their tax jurisdiction.
• While it is now the international norm for
countries to tax residents on worldwide income,
there is not universal agreement as to how
residence is defined.
• For individuals, two common methods are used
to determine residence
12. CONTD…
• Facts and circumstances approach – having regard to
all the facts and circumstances, a judgement is made as to
whether a taxpayer has a sufficiently strong personal
connection to the jurisdiction as to be regarded a fiscal
resident of the jurisdiction.
• Days present approach – an individual is a resident of a
jurisdiction if they are physically present in the jurisdiction
for a specified number of days (usually 183 days) in the tax
year or, alternatively, in any period of 12 months beginning
or ending during a tax year.
13. FOR COMPANIES
• There are also two common methods used to
determine residence –
• Place of incorporation – a company is
resident of the country in which it is
incorporated.
• Central management and control – a
company is resident of the country in which its
central management and control is located.
14. CONTD….
• Consequently, it is possible that a company
incorporated in one country but with its central
management and control in another country will
be a resident of both countries.
• It is also possible that a company may have its
central management and control divided
between two countries and, as a result, be
resident of both countries.
15. SUGGESTIONS
HOW TO AVOID RESIDENCE /SOURCE CONFLICT
• By requiring the residence country to give tax relief for the
source country tax.
• The DTAA may provide for residence country only taxation of
the income. In other words, the DTAA precludes the source
country from taxing the income
• The DTAA may provide for source country only taxation of the
income. In other words, the DTAA precludes the residence
country from taxing the income
16. SUGGESTIONS
HOW TO AVOID SOURCE/SOURCE CONFLICT
• The taxing rights specified in a DTAA effectively
set out a uniform set of source rules that are
then applied by both countries overriding any
conflicting domestic rules.
17. SUGGESTIONS
HOW TO AVOID RESIDENT/RESIDENT CONFLICT
• The residence article in a DTA will include
tiebreaker rules that treat a person who is
resident of both contracting states under each
state’s domestic law as a resident of one only of
the states for the purposes of the DTA.