Earned income is a critical concept in the financial landscape, particularly for tax purposes, and encompasses income from employment, trades, professions, and more.
An essential financial term representing the profits of a company that are subject to corporation tax, adjusted for allowable deductions.
Understanding the concept of a 'Permanent Establishment' (PE) is crucial for determining tax obligations and compliance in international business activities. The term is extensively used in international tax treaties to specify when and how business profits should be taxed.
The ratio in which the profits or losses of a business are shared among its partners. For a partnership, the profit-sharing ratios will be defined in the partnership agreement, usually reflecting the amount, given as a percentage of the total profits, attributable to each partner.
