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Double Tax Agreement Between Uk And Greece

If you reside in two countries simultaneously or if you reside in a country that taxes your worldwide income and you have income and profits from another country (and that country taxes that income on the basis of what it originated in that country), you can move towards the same income in both countries. This is called “double taxation”. If two countries are trying to tax the same income, there are a number of mechanisms to provide tax breaks so that you don`t pay two taxes. The first mechanism to be examined is whether the double taxation treaty between the United Kingdom and the other country limits the right of one of the two countries to tax this income. ARTICLE XIV. – 1. The taxation of income received in one of the territories shall remain governed by the law of the Contracting Parties, unless this Convention expressly provides otherwise. . . .