INTERVIEW QUESTIONS TAX DETAILS

Question: What is Benefit Test in Taxation?

Answer: Benefit Test in Taxation is the process in which, while considering whether a company may be allowed to deduct, as an expense, payments made to a related company in a multinational group on account of expenses incurred by that related company in providing intra-group services, tax authorities would refuse a deduction unless a real benefit had been conferred on the company claiming the deduction.

Benefit Test in Taxation is the process in which, while considering whether a company may be allowed to deduct, as an expense, payments made to a related company in a multinational group on account of expenses incurred by that related company in providing intra-group services, tax authorities would refuse a deduction unless a real benefit had been conferred on the company claiming the deduction. Source: CoolInterview.com

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