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Hi I have a question regarding tax rates.
Megham foreign subsidiary has tax rate 25%, Chmura parent company has 20%. Megham pays 25%, and then when inflows are remitted to Chmura, there is no tax beacause of bilateral tax treaty right(and Meghan country has higher tax rate)? And Chmura cannot retrieve 5% in country where is based?
Thanks
I was watching live revision kit, part 1 and 2 but I think it was not discussed. By the way this Live revision kit is amazing thing, appreciate that, thanks a lot.
What you have written is correct. Had the tax rates been the other way round, then they would only have had to pay the extra 5%, but this way round they do not get tax refunded.
And thank you for your comments – when I have the time from updating lecture notes and recording lecture on them for all of my papers, I will record more ‘revision kit’ lectures. 🙂
- The topic ‘Chmura Q Dec 13’ is closed to new replies.