Page 63 - F1 Integrated Workbook STUDENT 2018
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International Taxation
Corporate residence
Entities normally pay taxation on their worldwide income in the country they are
deemed to be resident in.
An enterprise is deemed to be resident for tax purposes either in the place of
incorporation or place of control/central management.
Generally an entity will be treated as being resident in the country of control, i.e.
place where the head office is located or board meetings held.
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