Section 1035 Profits from agencies, etc
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[Subject to section 1035A, a non-resident person]1 shall be assessable and chargeable to income tax in respect of any profits or gains arising, whether directly or indirectly, through or from any factorship, agency, receivership, branch or management, and shall be so assessable and chargeable in the name of the factor, agent, receiver, branch or manager.
Amendments
1 Substituted by Finance Act 2003 section 51(1)(a) in respect of chargeable periods commencing on or after 1 January 2002.
In what manner is a non-resident who carries on a trade or profession within the State assessed and charged to tax?
A non-resident who carries on a trade or profession within the State is assessed and charged to tax through the branch, agent or manager in the State. The tax is assessed on the "profits arising" through or from the local branch, agent, or manager....
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