Introduction Permanent Establishment (PE) is a cornerstone concept in international taxation, determining a business's tax liability in a particular jurisdiction. Article 5 of the OECD Model Tax Convention (MTC) define a PE as a "fixed place of business through which...

As a small business owner, understanding financial statements is crucial for making informed decisions, ensuring transparency, and measuring performance. In this introductory article, we will explore the core elements of financial statements, using AccraBakes, a fictional bakery company, as...