CIMA F1 Syllabus C. Fundamentals Of Business Taxation - Sources of Tax rules - Notes ^{1 / 10}

Tax rules come from many places such as:

• Domestic Legislation

  - where local courts make rulings about situations
   
  

• Local tax authority statements

  - such as UK tax laws make all benefits taxable
   
  

• Supranational Bodies

  - such as the EU, their rules would apply to all EU members
  
  

• International Tax treaties

  - This is to stop international companies having to pay tax twice in different countries