TaxesLump-sum taxation Schedular tax system Privileged tax regime Non-resident Constructive ownership Compensating adjustment
Expatriation rules
When a taxpayer gives up their residence or citizenship to evade taxes, they can still be held accountable under certain rules. These rules dictate that the taxpayer can still be subject to tax, even if they are no longer residing in the country or holding citizenship. This is to prevent individuals from using this tactic as a way to avoid paying their fair share of taxes. So, it is important for taxpayers to be aware of these rules and comply with them.
Related terms
Understand the meaning and definition of Lump-sum taxation in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Schedular tax system in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Privileged tax regime in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Non-resident in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Constructive ownership in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Compensating adjustment in the context of stock market, trading, and investments.
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