TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Foreign companies face branch profits tax under Direct Taxes Code Bill, 2009; see Paragraph C, Second Schedule for rates.</h1> Every foreign company is subject to a branch profits tax on its branch profits, as specified in the Direct Taxes Code Bill, 2009. The tax rate is detailed in Paragraph C of The Second Schedule. Branch profits are defined as the total income for the financial year minus income tax. Foreign companies must pay pre-paid taxes, treating the branch profits tax like income tax. The tax is collected after accounting for any pre-paid taxes, following the Code's provisions.
TaxTMI 
TaxTMI 
