Double taxation - London

Saturday, 12 November 2016

Item details

City: London, England
Offer type: Offer

Contacts

Contact name Rajesh Vekaria
Phone 020 8200 0016

Item description

At FinSol Tax Advisors our Accountants in Stanmore offers a wide range of accountancy services including tax returns, payroll , bookkeeping and annual accounts.
Double taxation: It is a taxation belief referring to income taxes paid two times on the same source of earned income. It can occur when income is taxed at both the business level and personal level.
In order to ease the burden of double taxation, many countries provide for relief. There are two main methods
•Exemption. Income or gains are exempted from tax in the country where the income or gains arise; exemption may also be given in the country of the recipient’s residence.
•Credit. Where the income or gains are taxed in both countries, the country in which the recipient is resident gives credit for the other country’s tax against its own tax.
If you are looking for a professional accountant in Stanmore contact us any time, we can provide you the best services.