| Dictionary (text version) | Products & Services | News | Support |
About | Contacts
|
|
|---|---|---|---|
| Copyright © 2004 itlocus.com. All rights reserved | Privacy
Policy |
|
Double taxation relief - People resident and domiciled in the UK are liable to income tax from their world-wide income payable to the Inland Revenue. Other countries operate similar taxation rules so that there could arise a situation where an individual is subjected to double taxation. Double taxation relief can be obtained when agreements exist between countries whereby tax already paid on income in a foreign country is offset against the same tax liability in the home country or vice versa.