Post by account_disabled on Mar 15, 2024 22:53:36 GMT -6
By which the sum of the revenues received from that source of income exceeds the costs of obtaining those revenues during the tax year. If the cost of obtaining the revenue exceeds the total revenue, the difference is the loss of the revenue source. Also art. Section Article 1 of the Enterprise Income Tax Law states that losses arising from the source of income shall not be taken into account when determining the income constituting the tax base mentioned in Article 1. The authorities have different approaches to the relevant issues. For example, the Director of the State Administration of Taxation found.
In a letter dated month month year ( ) that there is no obligation to prepare the transfer pricing documents referred to in Article. Dot letter Article 1 of the Corporate Income Tax Law shall be determined based on losses from sources of income which include controlled transactions. When a transaction involves a specific source of income, it should AWB Directory be examined whether the taxpayer suffered a loss solely from that source of income. At the same time, the authorities consider that the loss of other sources of income is irrelevant in this case. In summary, according to this position, if one of the related entities.
That is a party to a controlled transaction does not suffer a loss of a source of income, a particular transaction may be exempted from the obligation to prepare local documents under Article 1 if that transaction falls within that transaction. Point 1 of the Corporate Income Tax Law. In turn the Director, in a letter dated month-month-year ( ), found that the applicant's position was incorrect and that the exemption under Article 18 was incorrect. Point 1 of the Corporate Income Tax Act It is sufficient if a party to a controlled transaction reports income from one of the sources of income regardless.
In a letter dated month month year ( ) that there is no obligation to prepare the transfer pricing documents referred to in Article. Dot letter Article 1 of the Corporate Income Tax Law shall be determined based on losses from sources of income which include controlled transactions. When a transaction involves a specific source of income, it should AWB Directory be examined whether the taxpayer suffered a loss solely from that source of income. At the same time, the authorities consider that the loss of other sources of income is irrelevant in this case. In summary, according to this position, if one of the related entities.
That is a party to a controlled transaction does not suffer a loss of a source of income, a particular transaction may be exempted from the obligation to prepare local documents under Article 1 if that transaction falls within that transaction. Point 1 of the Corporate Income Tax Law. In turn the Director, in a letter dated month-month-year ( ), found that the applicant's position was incorrect and that the exemption under Article 18 was incorrect. Point 1 of the Corporate Income Tax Act It is sufficient if a party to a controlled transaction reports income from one of the sources of income regardless.