Tax relief that can be claimed to prevent overseas profits being taxed twice is known as:
A.
Overseas Taxation Relief
B.
Dividend Taxation Relief
C.
Double Taxation Relief
D.
Double Taxation Agreement
The Answer Is:
C
This question includes an explanation.
Explanation:
Double Taxation Relief (DTR) is a mechanism to prevent individuals or companies from paying tax on the same income in two different jurisdictions. This is critical for taxpayers with international earnings or investments. The relief is typically provided under double taxation agreements (DTAs) between countries.
[Reference:, International Certificate in Wealth & Investment Management (ICWIM), Topic: Taxation of Investments and Cross-Border Taxation., HMRC guidelines and OECD Model Tax Convention., , , , ]
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