Permanent Establishment

A permanent establishment (PE) is a fixed place of business which generally gives rise to income or value added tax liability in a particular jurisdiction. The term is defined in many income tax treaties and most European Union Value Added Tax systems. The tax systems in some civil law countries impose income and value added taxes only where an enterprise maintains a PE in the country. Definitions of PE under tax law or tax treaty may contain specific inclusions or exclusions.

Read more about Permanent Establishment:  Fixed Place of Business, Specifically Included Places, Specifically Excluded Places, Other Specific Provisions

Famous quotes containing the word permanent:

    There can be no permanent disfranchised peasantry in the United States.
    James A. Garfield (1831–1881)