Double Taxation Agreements

Double Taxation Agreements (DTAs) are treaties between two countries that aim to prevent individuals and businesses from being taxed on the same income in both jurisdictions. When a person earns income in one country but resides in another, a DTA ensures that they either pay taxes in one country or receive a credit for taxes paid in the other. This agreement encourages international trade and investment by reducing the tax burden and providing tax clarity for cross-border activities, ultimately promoting economic cooperation between countries.