Double taxation-form 67

Introduction
Double taxation is a perplexing issue for expatriates, as it involves income being taxed in both the country host and home country. Expats must apprehend the procedures for double taxation relief in order to avoid paying double taxes. Form 67 is essential for reducing, their tax obligations by claiming foreign tax credits.

Understanding Double Taxation
Meaning and Consequences
Double taxation happens when your income is taxed in two countries. This means that expatriate employees may be required to pay taxes on their salary earned abroad in both home and host country.

Using Double Taxation Avoidance Agreements (DTAAs) to prevent double taxation.

What does DTAA intents?
Intent and Regulations-

The goal of the DTAA is to divide tax among countries and provide relief from being taxed twice

Key parts of the Double Taxation Avoidance Agreement (DTAA) between India and the USA include:

Determining the residential status.
Determining which country is allowed to force taxes on earnings.
To prevent income being taxed twice
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Source: AKM GLOBAL