Look at tax rates, the latest tax news and information on double taxation agreements with our specialized online resources, guides and useful links. Double taxation agreements (also known as double taxation agreements) are concluded between two countries that define the tax rules applicable to a tax established in both countries. ARTICLE 26.-1) This Convention does not affect the tax privileges of diplomatic or consular officials under the general rules of international law or the provisions of specific agreements. 3. The competent authorities of the contracting states try to resolve by mutual agreement any difficulty or doubt about the interpretation or application of the convention. 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. concerned with entering into an agreement to avoid double taxation and to prevent tax evasion with respect to the taxation of income and income from capital; (d) if he is a national of the two contracting states or of one of those contracting states, the competent authorities of the contracting states resolve the matter by mutual agreement. 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. If you use the HMRC intranet, you can view the agreement via the “New Contracts/Protocols in Force” link in the sidebar. On HMRC`s website, the search for “current contracts in Egypt” will provide a link to the contract. The text of the tax contract can be found via www.gov.uk/government/publications/egypt-tax-treaties (2). The competent authority endeavours, if the objection seems justified and if it is not in a position to find an appropriate solution itself, to settle the matter by mutual agreement with the competent authority of the other State party, so as not to avoid imposition in accordance with the convention.
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. That`s why we offer a first free consultation with a qualified accountant that will give you answers to your questions and help you understand if a double taxation agreement could apply to you and help you save huge amounts of unnecessary taxes. 4. The competent authorities of the contracting states may communicate directly with each other in order to reach an agreement in accordance with the preceding paragraphs. Tax Information Guide: Africa`s Leading Economies 2018 Overview of the Tax and Investment Environment in 44 African countries, including Africa. The guide contains income tax rates, withholding tax, a list of double taxation agreements, information on other taxes, investment incentives and important business data. Published by Deloitte in May 2018. Although the application of double taxation agreements is relatively common, the right to tax relief can be complicated. For the purposes of this article, we consider that a person is tax resident in the United Kingdom and resident of an additional country, although double taxation agreements may exist between two countries.