centre of vital interests

Definition

A method of determining the legal country of residence of an individual for income tax purposes. If an individual has homes in two countries, legal residence may be determined by the individual's centre of vital interests. The vital interests of an individual lie in the country where he maintains a business or has a family. If an individual has family homes and businesses in two countries, the country of residence is the one in which his personal and business interests are greater.

单词	centre of vital interests
释义	centre of vital interests Definition A method of determining the legal country of residence of an individual for income tax purposes. If an individual has homes in two countries, legal residence may be determined by the individual's centre of vital interests. The vital interests of an individual lie in the country where he maintains a business or has a family. If an individual has family homes and businesses in two countries, the country of residence is the one in which his personal and business interests are greater.
随便看	level of buffering level of concern (LOC) level of effort (LOE) level of involvement level of service level of significance level of supply level payment amortization level payment mortgage level playing field level premium insurance level scheduling level selling levels of management level term insurance leverage leveraged buyout (LBO) leveraged ESOP leveraged lease leveraged recapitalization levered free cash flow liabilities of directors liability account liability for manufactured products liability insurance