It is essential to determine whether this is possible and how a double taxation agreement should be applied, given that it is the country of residence that generally pays tax duties. It is much more common to seek the services of a qualified and experienced accountant to seek tax breaks through double taxation agreements. Fees vary depending on the complexity of an individual`s personal life, in almost all cases, the tax savings far exceed all the costs of using an accountant – and they can be sure to pay the correct amount of tax with total confidence. If you are considered a taxpayer residing in two or more countries, it is important to understand any tax breaks through double taxation agreements. For the purposes of this section, we consider that a person is a tax resident in the United Kingdom and an additional country, although double taxation agreements may exist between two countries. Convention on Double Taxation List of countries made available by the Indian Income Tax Office with which the country has concluded comprehensive agreements to avoid double taxation. Click on the name of the country to get the full text of the agreement. I am currently employed by a British company and work from home in India. I get paid in pounds every week. My question is: can I benefit from double taxation, since I am already in India? In addition, I received this year a bonus for the 2016-17 fiscal year. So in which GJ will the same one be taxed? The bonus corresponds to the previous year. Although the application of double taxation agreements is relatively common, the right to tax relief can be complicated.
In exercising the powers conferred on Article 30 of the 1953 State Act (XXXIV 1953), the central government abolished 30 June 1956 as the date of entry into convention of 3 April 1956 enters into force between the Indian government and the Government of the United Kingdom of Great Britain and Northern Ireland to avoid double taxation and the prevention of tax evasion on the territory of the deceased and annex. Since there are many rules and complications that can arise when applying double taxation agreements, it is important to seek professional help from a qualified and experienced accountant. The table below shows countries that have entered into a double taxation agreement with the United Kingdom (as of October 23, 2018). On the UK government`s website, you will find an updated list of active and historic double taxation conventions.