In order to determine the amount of income for the types of profit income, it is necessary to determine the profit. Taxes are different depending on the type of income Profit determination methods permissible. The accounting obligations and records of the person to be taxed serve as the basis.
Reference is made to regulations under commercial law. The determination of profits has tax relevance primarily for income tax, corporation tax and trade tax. In international tax law, there are cross-border delimitation problems when allocating profits.
Determination of profits
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