Residence-Based Taxation
/ˈrɛzɪdəns beɪst ˌtæksˈeɪʃən/
Definitions
- (n.) A tax system where a jurisdiction taxes individuals or entities based on their residence rather than the source of income.
The country applies residence-based taxation, taxing its residents on worldwide income.
Forms
- residence-based taxation
Related terms
See also
Commentary
Residence-based taxation contrasts with source-based taxation, important in international tax law to determine tax obligations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.