11.9.1.5 Tax period and accrual

The tax period will coincide with the declared financial year and may not exceed twelve months. Unless otherwise stated, the tax period shall be deemed to refer to the calendar year.

The tax period shall be deemed to have concluded:

1. when the permanent establishment ceases its activity.
2. when the investment made at the time is de-allocated.
3. when the permanent establishment is transferred to another natural person or entity.
4. when the head office moves its residence.
5. when the owner of the permanent establishment dies.

The Non-Resident Income Tax will be accrued on the last day of the tax period.