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Taxes

Non-discrimination

In the world of finance, tax treaties play a crucial role in protecting the rights of individuals residing in different countries. These treaties often include a "non-discrimination" clause, which ensures that citizens or nationals of one country living in another are not unfairly taxed in comparison to the local residents. This means that regardless of their residency, individuals should be subject to the same tax laws and requirements as the citizens of the host country. This provision serves as a safeguard against discriminatory taxation and promotes fairness in cross-border financial transactions.

Tiebreaker rule

A crucial aspect of tax treaties is the provision aimed at avoiding dual residency for individuals. This prevents them from being considered residents in both treaty countri...

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Separate taxation

Let us delve into the concept of separate taxation, a practice used in certain countries to tax married couples based on their individual incomes. While it is compulsory in ...

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Accounting period

is known as Tax Year. This is typically a calendar year, but can also be a fiscal year based on the specific accounting period of a business. The concept of a tax year refe...

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Tax exile

A fiscal resident is a person, either natural or legal, who cuts ties with their current country of residence and moves to a different jurisdiction for tax purposes. This ca...

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