A resident company is subject to corporate income tax (CIT) in France on its French-source income. In that respect, income attributable to foreign business activity (if there is no treaty in force between France and the relevant foreign country) or to a foreign
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All undistributed corporate profits are tax exempt. This exemption covers both active (e.g. trading) and passive (e.g. dividends, interest, royalties) types of income. It also covers capital gains from the sale of all types of assets, including shares, securities, and immovable property.
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Corporate income tax (CIT) In general, the tax base for CIT purposes is determined on an accrual basis and consists of worldwide income less allowed deductions. The rules are equally applicable to companies and PEs. It is assumed that all income received
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Basis of corporate income tax (Körperschaftsteuer) Corporations (i.e. limited liability corporation [GmbH], stock corporation [AG]) are subject to unlimited taxation in Austria of their entire (domestic and foreign) income if they have their legal seat or place of effective management in Austria.
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Expanding your business across international borders is an ambitious yet rewarding venture. However, it’s a path that may not suit every business at any given time. The decision to expand globally goes beyond the typical metrics of financial health and market growth.
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HMRC issues its guidelines for compliance on what qualifies as R&D for tax purposes. The publication of HMRC’s latest guideline highlights the importance of correctly identifying whether a research and development (R&D) claim meets the necessary conditions to qualify for tax relief.
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Brief Summary From 1 January 2024 onward, investment tax credits will change in the following ways: Detailed Look On 19 December 2023, the Luxembourg Chamber of Deputies adopted a law to modernize the current investment tax credit; it will take effect 1
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ead the step-by-step guide on setting up subsidiaries in Norway, simplifying the process for your international expansion. This comprehensive article provides valuable insights and practical tips, from legal requirements to strategic considerations. Are you dreaming of expanding your business horizons and tapping
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ay one step ahead in the competitive world of Italian commerce as we unveil the indispensable guide to navigating legal and regulatory obligations in Italy. Italy, renowned for its stunning landscapes and iconic landmarks, also boasts a dynamic business environment that entices
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Manage your finances and banking across borders with ease. Learn how to open and maintain multiple bank accounts and send and receive international payments. Navigating the world of finance and banking across multiple countries can seem like a complex puzzle, but it’s a skill
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