Double taxation concerns cases where two different countries are allowed to levy taxes on income generated in their territory by the same subject. On the one hand, there is the country where the income is obtained and, on the other, the State of tax residence. Our specialized tax databases allow us to provide current and historical tax rates, comparative tables and country surveys. We have recent summaries of the most important facts, as well as detailed analyses of the tax system in countries around the world that cover corporate taxation, individual taxation, companies and investments. For example, a person residing in the UK but who has rental income from a property in another country will likely have to pay taxes on rental income, both in the UK and in that other country. This is a common situation for migrants who have come to work in Britain to find themselves there. However, you should keep in mind that, in practice, the transfer base helps to avoid double taxation when you reside in the UK with foreign income and profits abroad. According to UK rules, it is not established, so it is taxable in the UK only with its income in the UK. Mark remains resident in Germany and is therefore taxable on his worldwide income. The double taxation treaty tells Mark that the UK has the main right to tax income and that, if Germany wants to tax it, the foreign tax credit method should be used to avoid double taxation. 5.
The term “interest” used in this Article means income from government bonds, bonds or bonds, whether or not secured by a mortgage and whether or not they are entitled to participate in profits, as well as claims of any kind, as well as any other income treated as income from funds which, under the tax laws of the State, Are: In the event that the income is received, are loaned. does not, however, include the income referred to in Article 10 of this Convention. Certain types of UK visitors receive special treatment under a double taxation treaty, such as foreign students, teachers or government officials. In order to avoid the risk of double taxation, it is recommended to present to the Italian tax authorities a certificate of tax residence to be presented abroad in which income was received in a given year. . . .