In the current age of digital economy, robots and remotely-operated computerized equipment are gradually taking over many work sites. In near future, in many cases, a ‘fixed place of business’ (a prerequisite for existence of a permanent establishment) may be operated entirely without human involvement at the work site. For instance, an enterprise could produce goods in a foreign country (Source State) in a ‘lights-out factory’. Wikipedia defines “lights-out factories” as factories that are “fully automated and require no human presence on-site”.
Source Dr Amar Mehta Ph.D, LL.M, ACA
Latest Posts in "World"
- E-Invoicing Reimagined: A Fresh Approach to VAT Calculation and Payment
- Global upcoming VAT rate changes
- ERP Integration with Global E-Invoicing: Challenges and Strategies
- Understanding VATs and Tariffs: Essential Tax Principles for U.S. Global Business Success
- IMF Paper Analyzes VAT Efficiency in Revenue Generation and Non-Revenue Objectives
