In the globalized economy, the issue of corporate
double taxation of income is unequivocal. However, a relief for taxes paid in
the foreign country is given to taxpayer while taxing the same income in the
UAE and this is termed as Foreign Tax Credit (FTC).
We have outlined below the concept of FTC and various
tax relief methods practiced globally.
Tax Credit Method
3) FTC in the UAE
6) How can Crowe help?