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Taxes

Privilege (diplomatic)

Diplomatic agents and consular officers are typically exempt from taxation in the countries they are assigned to, either through international law or specific agreements. This is due to the principle of reciprocity, which recognizes that the sending state retains the right to tax income earned outside of the host country. As such, many tax treaties include a provision to safeguard this right.

Related terms

Foreign-source income

Understand the meaning and definition of Foreign-source income in the context of stock market, trading, and investments.

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Net worth tax

Understand the meaning and definition of Net worth tax in the context of stock market, trading, and investments.

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Tax-free zone

Understand the meaning and definition of Tax-free zone in the context of stock market, trading, and investments.

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Affiliation privilege

Understand the meaning and definition of Affiliation privilege in the context of stock market, trading, and investments.

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Expatriation rules

Understand the meaning and definition of Expatriation rules in the context of stock market, trading, and investments.

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