Tax on branch profits

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..... Subject to the provisions of this Code, every foreign company shall, in addition to income-tax payable, be liable to branch profits tax in respect of branch profits of a financial year. (2) The .....

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..... the foreign company for the financial year, as reduced by the amount of income-tax payable on such attributable income. (4) The liability to branch profits tax shall be discharged by payment of .....

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