Archive | Domestic Tax

Tax Residence for Individuals, Companies and Others

In this article we will discuss about the tax residence for individuals, companies and others. Residence of Individuals: General: The tax residence of individuals is normally decided on factors that can be determined by external observation. Generally, it is based either on: (a) The “physical presence” in the country or (b) The “facts and circumstances” […]

Principles of Domestic Tax Systems

In this article we will discuss about the principles of domestic tax systems. General Principles of Domestic Tax Systems: As early as 1776, Adam Smith prescribed the four principles of taxation in his book on the “Wealth of Nations” as follows: (a) Equity: The tax payable should accord with the ability to pay, or the […]

Source of Income of a Country

In this article we will discuss about the source of income of a country:- 1. Connecting Factors for the Tax Objects 2. Basic Source Rules 3. Taxing Source Rules 4. Conflicts in Source Rules. Connecting Factors for the Tax Objects: The connecting factors for the tax objects are the source rules. The source rules identify: […]

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