International Taxation refers to the tax distributing relationship among countries when two or more countries are exercising their rights to collect tax from the international tax payers.
International Taxation is the extension and overlapping of the national taxation. It involves not only national sovereignty and taxation rights and interests of the nations,
but also have influence on the international flow of the agent of production and the international development of economy.
Therefore, it is an essential part of international economic relations, and even international political relations.
Are the liquor and cigarettes subject to duties?
The duty shall be calculated against the invoice value.
It depends. You are allowed $100 duty free. If the stuff you are bringing is exceeding 100 you have to pay duty.
Could you show me your report? It depends.
Could you introduce the business tax payment in a foreign company?
The duty should be calculated according to the exact income the company declares.
The computation of taxable income of an enterprise shall, in principle, be on an accrual basis.
Where foreign enterprises are engaged in the co-operative exploration of petroleum resources, the partners thereto shall be deemed to receive income of the time of the division of the crude oil;
the amount of income shall be computed according to a price which is adjusted periodically with reference to the international market prices of crude oil of similar quality.