Page 18 - F1 Integrated Workbook STUDENT 2018
P. 18
Chapter 1
Source of tax rules
The sources of tax rules are as follows:
Legislation produced by a national government of the country, e.g. Finance Acts
in the UK.
Precedents based on previous legislation. Tax authorities also issue
interpretations, e.g. Tax bulletins in the UK.
Directives from international bodies such as European Union guidelines on
VAT.
Agreements between different countries such as double tax treaties, e.g. UK/US
Double tax treaties.
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