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Income Tax

Most countries have some form of income tax. The application of the tax is often subject to residency rules (where the tax payer physically is) and/or source rules (where the income was generated). The tax may also be a function of who or what entity (individual, corporation, trust, charity, partnership etc) generated the income.

It may be possible to legally re-arrange income, so that rules applicable to lower rates of tax apply.

In any event, the correct filing of income tax returns can avoid fines and penalties.

Please ask us for our advisory and filing services.