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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

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Double taxation

What is double taxation?

If a set of circumstances is subject to taxation by different countries, this may result in double taxation. This is particularly the case where a taxpayer has places of residence in different countries, as tax laws generally base personal tax liability on these places of residence. Establishing a residence in Austria also results in unlimited income tax liability, meaning that all income, regardless of the country in which it is earned, is subject to Austrian taxation. To avoid double taxation of the same set of circumstances, countries conclude double taxation agreements. If no double taxation agreement exists, the so-called Double Taxation Regulation can provide a remedy. To avoid double taxation, double taxation agreements employ either the credit method or the exemption method.

Learn more about our Tax Law practice. Please feel free to contact us for further information.