Concept of Residence vs. Concept of Source


Since the 20th century the increased cross border trade and investments has led to flow of man, money and machines between countries. Cross border transactions resulted in to income streams from various countries and with that the dilemma which country should tax the income. To benefit their exchequer, many countries started with aggressive income tax, … Continue reading Concept of Residence vs. Concept of Source

Everything about Transfer Pricing


Transfer pricing is the general term for the pricing of cross-border, intra-firm transactions between related parties. It refers to setting of prices for transactions between associated enterprises involving the transfer of property or services. These transactions are also called 'Controlled Transactions'. ‘Controlled Transactions’ are different from ‘Uncontrolled Transactions’. ‘Uncontrolled transactions’ are the transactions involving the … Continue reading Everything about Transfer Pricing