In this article we will discuss about the advance tax rulings: 1. Meaning of Advance Tax Rulings 2. Country Examples of Advance Tax Rulings. Meaning of Advance Tax Rulings: Many countries provide advance tax rulings (“ATR") today. These rulings are issued either under a formal legislation by a separate body (Examples: India, Sweden) or given by the tax authorities with [...]
The below mentioned article provides a study note on foreign tax relief. After reading this article you will learn about: 1. Introduction to Foreign Tax Relief 2. Expense Deduction 3. Exemption Method 4. Foreign Tax Credit 5. Country Examples of Foreign Tax Relief. Contents: Introduction to Foreign Tax Relief Expense Deduction Exemption Method Foreign Tax Credit Country Examples of Foreign [...]
In this article we will discuss about the treatment of various tax losses:- 1. Revenue or Trading Losses 2. Capital Losses 3. Foreign Branch Losses 4. Group Taxation. Revenue or Trading Losses: Most countries in the world allow the carry-over of losses of residents and permanent establishments of non-residents for either an unlimited or a specified period. Few countries also [...]