What Are the Benefits of Double Taxation Treaties?
1. Reduced Tax Burden: By eliminating double taxation, these treaties lower the overall tax burden on business income. 2. Increased Certainty: Entrepreneurs can have greater certainty about their tax obligations, making it easier to plan and forecast financials. 3. Enhanced Competitiveness: Reduced tax liabilities can improve the competitiveness of businesses in the global market. 4. Encouragement of Cross-Border Trade: By providing tax relief, these treaties encourage investment and trade between treaty countries.