State Sourced Income – Article 13 – Corporate Tax Law

Article 13 – State Sourced Income

1. Income shall be considered State Sourced Income in any of the following instances:
   1. Where it is derived from a Resident Person.
   2. Where it is derived from a Non-Resident Person and the income received has been paid or accrued in connection with, and attributable to, a Permanent Establishment of that Non-Resident Person in the State.
   3. Where it is otherwise accrued in or derived from activities performed, assets located, capital invested, rights used, or services performed or benefitted from in the State.
2. Subject to any conditions and limitations that the Minister may determine, State Sourced Income shall include, without limitation:
   1. Income from the sale of goods in the State.
   2. Income from the provision of services that are rendered or utilized or benefitted from in the State.
   3. Income from a contract insofar as it has been wholly or partly performed or benefitted from in the State.
   4. Income from movable or immovable property in the State.
   5. Income from the disposal of shares or capital of a Resident Person.
   6. Income from the use or right to use in the State, or the grant of permission to use in the State, any intellectual or intangible property.
   7. Interest that meets any of the following conditions:
      1. The loan is secured by movable or immovable property located in the State.
      2. The borrower is a Resident Person.
      3. The borrower is a Government Entity.
   8. Insurance or reinsurance premiums in any of the following instances:
      1. The insured asset is located in the State.
      2. The insured Person is a Resident Person.
      3. The insured activity is conducted in the State.