No clarity in UAE double-taxation deal

Due to phenomenal growth in international trade and commerce and increasing interactivity among nations, residents of one country increasingly extend their sphere of business operations to other countries.

The order of the day includes flows of capital across countries as well as exchanges of services and technology, particularly after India embarked on the path of globalization.

Double taxation

Double taxation is generally defined as the imposition of comparable taxes in two (or more) countries on the same taxpayer in respect of the same subject matter and for identical periods.

Sumes Dewan is a partner at KR Chawla & Co Advocates & Legal Consultants. The firm is headquartered in New Delhi and has offices in Chennai and Bangalore as well as a representative office in Singapore.