INTM345410 - DT applications and claims: Overview of DT Agreements
How double taxation arises
»Ê¹ÚÌåÓýapp taxation laws of most countries have the same basic common features that
- all income arising in a country is taxed in that country regardless of where the beneficial owner lives
- a resident of a country is taxed on all income he receives regardless of where it arises
For example: An individual living in Spain receives a pension from the UK. »Ê¹ÚÌåÓýappre is UK tax deducted from it because it has arisen in the UK and the individual pays tax on it in Spain because he or she lives there.