Double Taxation Relief

Double Taxation Relief refers to measures that prevent individuals or businesses from being taxed on the same income in more than one country. This situation often arises for those who earn income across borders, such as expatriates or companies operating in multiple nations. To address this, countries enter agreements to allocate tax rights, allowing taxpayers to either receive tax credits for taxes paid abroad or be exempt from foreign taxes. This relief helps promote international trade and investment by ensuring that tax burdens do not discourage cross-border economic activity.