TaxesDeath duties Foreign exchange tax Exclusions Nationality principle Bilateral advance pricing arrangement (bapa) apa Auxiliary company
Extended limited tax liability
One important principle in finance is the concept of tax jurisdiction and its impact on taxpayers. Specifically, individuals who are subject to individual income tax, net worth tax, and succession duty may face taxation even after leaving a particular tax jurisdiction and relocating to a low-tax country. This period of taxation in the former country of residence is known as the "exit tax." It is essential for individuals to understand this principle and its potential implications when considering a move to a new tax jurisdiction.
Related terms
Understand the meaning and definition of Death duties in the context of stock market, trading, and investments.
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MOREUnderstand the meaning and definition of Exclusions in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Nationality principle in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Bilateral advance pricing arrangement (bapa) apa in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Auxiliary company in the context of stock market, trading, and investments.
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