Corporate Domicile

Commercially Domiciled
Located at the principal place from which a corporation's trade or business is managed or directed.
Domicile in Accounting
Domicile refers to the country or place of an individual's permanent home, influencing their civil status and tax liabilities. It is distinct from nationality and residence, encompassing both physical presence and an intention to remain.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.