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establishments of foreign companies (UK establishments of foreign companies are also liable to corporation tax on chargeable gains arising on the disposal of any assets that are situated in the UK ... | Permanent establishments of foreign companies include the registration of an office or a branch in Cyprus for periods longer than three months. Alexander Demidov) |
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permanent establishment (a fixed place where a business entity's work is carried out (either mostly or partly carried out: Employees are generally considered to report for work at an employer's permanent establishment if they go to that location regularly. a concept that allows the taxing by a state of non-residents operating a business from within its jurisdiction: A firm shall be said to have a permanent establishment in a country if it employs an agent there to act its behalf regularly. Phrase Bank ⃝ The company has a permanent establishment in Australia. ⃝ In which state is the permanent establishment situated? ⃝ The rate of tax imposed on permanent establishments is high. ⃝ The foreign employer has no permanent establishment in Germany. Additional Notes ⃝ A permanent establishment exists where an enterprise has a fixed place of business located in a foreign jurisdiction. TED Alexander Demidov) |
