Double Taxation Treaties
Many countries have signed Double Taxation Treaties with other countries to prevent taxes levied twice on the same income, profit, capital gains or inheritance income. The availability of tax relief in the form of a Double Taxation agreement may be central to your international tax planning.
Clients seeking to take advantage of double tax treaty relief need to establish a company situated in a treaty jurisdiction. This is essential for the minimisation of withholding taxes on the payment of dividends and royalties. Treaty jurisdictions also portray a non-offshore image and thus provide cosmetic appeal.
It is therefore important to assess the taxation implications of the business that is to be conducted, and decide whether or not a treaty jurisdiction is required. Under normal circumstances, a treaty jurisdiction would not be required for the international movement of goods and most services.
Further Information
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For more information on double taxation treaties, please email email@healyconsultants.com or telephone us at (+65) 6735 0120.
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