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CIMAPRA19-F01-1 Exam - Topic 1 Question 111 Discussion

What does the exemption method of giving double taxation relief mean?
B) The countries agree on certain types of income which will be exempt or partially exempt in one country or the other.
A) The countries agree that all types of income will be exempt or partially exempt in one country or the other.
C) The countries agree on certain types of income which will be exempt or partially exempt in both countries.
D) The countries agree that all types of income will be exempt or partially exempt in both countries.

CIMAPRA19-F01-1 Exam - Topic 1 Question 111 Discussion

Actual exam question for CIMA's CIMAPRA19-F01-1 exam
Question #: 111
Topic #: 1
[All CIMAPRA19-F01-1 Questions]

What does the exemption method of giving double taxation relief mean?

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Suggested Answer: B

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Kaycee
7 months ago
How can they agree on exemptions without a clear definition?
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Rebecka
7 months ago
Wait, so not all income is exempt? That seems odd.
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Gladys
7 months ago
It's about specific types of income being exempt in one country.
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Linn
8 months ago
I thought it was all types of income, like option A.
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Karon
8 months ago
Totally agree, option B is the right one!
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Francene
8 months ago
I thought the exemption method was about partial exemptions for certain incomes, but I can't remember if it's for one country or both.
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Emile
8 months ago
I have a vague memory that the exemption method applies to both countries, but I can't recall if it covers all income types or just some.
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Barrie
8 months ago
I remember practicing a similar question where we discussed how countries typically agree on certain income types. I feel like option B might be correct.
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Lashon
9 months ago
I think the exemption method means that only specific types of income are exempt, but I'm not sure if it's just one country or both.
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Daron
9 months ago
I'm a bit confused by the wording of this question. I'll need to re-read it a few times to make sure I understand what it's asking.
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Mozelle
9 months ago
I've seen questions like this before, so I'm feeling confident. I'll start by eliminating the options that don't seem to match the description.
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Aileen
9 months ago
Okay, let me break this down - the key seems to be understanding what "exemption method" means in the context of double taxation relief.
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Steffanie
9 months ago
Hmm, I'm not entirely sure about the difference between the options. I'll need to think this through carefully.
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Launa
10 months ago
This question seems straightforward, I think I can handle it.
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