Cross-border taxation

Cross-border taxation refers to the tax implications that arise when individuals or businesses earn income in one country while residing or being based in another. It involves complex rules about how much tax should be paid to each country and may include considerations like double taxation treaties, which prevent the same income from being taxed twice. This area of taxation is crucial for ensuring that countries do not lose revenue while also providing clarity for taxpayers, promoting fair taxation practices in an increasingly globalized economy.