1. Income shall be considered a State Sourced Income in any of the following cases: a. Where it is derived by a Resident Person. b. Where it is derived by 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. c. 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: a. Income from the sale of goods in the State. b. Income from the provision of services that are rendered or used or benefitted from in the State. c. Income from a contract insofar as it has been wholly or partly performed or benefitted from in the State. d. Income from movable or immovable property in the State. e. Income from the disposal of shares or capital of a Resident Person. f. Income from the use or the right to use any intellectual or intangible property in the State, or from granting a permission to use them in the State. g. Interest that meets any of the following conditions: i. The loan is secured by movable or immovable property located in the State. ii. The borrower is a Resident Person. iii. The borrower is a Government Entity. h. Insurance or reinsurance premiums in any of the following cases: i. The insured asset is located in the State. ii. The insured Person is a Resident Person. iii. The insured activity is conducted in the State.
Interpretation and application must be checked against the official text and current version.