A Double Taxation Agreement (DTA) is an agreement between two countries aimed at preventing the same income from being taxed twice. These agreements offer various forms of double taxation relief to companies or individuals who are subject to tax in both countries.
The status of an individual who does not reside in a specific country for fiscal purposes, potentially affecting their tax obligations within that country.
Understanding the concept of a 'Permanent Establishment' (PE) is crucial for determining tax obligations and compliance in international business activities. The term is extensively used in international tax treaties to specify when and how business profits should be taxed.
A resident is an individual or company that is considered to be based in the UK for taxation purposes, determined by specific criteria set by HM Revenue and Customs (HMRC).
An agreement between two countries that specifies how income, profits, or gains are taxed to prevent double taxation and provide tax relief.
Withholding tax is a tax deducted at source from dividends or other income paid to non-residents of a country. If there is a double taxation agreement between the country in which the income is paid and the country in which the recipient is resident, the tax can be reclaimed.
