Jurisdictional Taxation

Jurisdictional taxation refers to the authority of a government to impose taxes within its specific geographic or legal boundaries. It determines which government has the right to tax particular income, transactions, or property based on where the economic activity occurs, where the taxpayer resides, or where the asset is located. This concept helps prevent double taxation and clarifies disputes about taxing rights between different regions or countries, ensuring taxes are levied fairly and appropriately according to legal jurisdiction.