Page 64 - F1 Integrated Workbook STUDENT 2018
P. 64
Chapter 3
Double taxation
An entity may end up being taxed in more than one country, this is called double
taxation.
For example, an entity may earn income in country X, despite being located in
country Y.
Double taxation may arise if that income is taxed in the country where it was earned
(X) as well as the country where the entity is resident (Y). Double taxation relief is
often available in this situation.
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