"Belasting Aftrek Elders Belast" is not a company but a key concept within the Dutch tax system. It translates to "Tax Deduction for Elsewhere Taxed" and represents the method used by the Netherlands to provide relief from double taxation. When a Dutch tax resident earns income from a foreign country (e.g., from employment or business activities) and that income is also taxed in the foreign country, this regulation allows for a deduction on their Dutch income tax liability to avoid paying tax twice on the same income. This provision is administered by the official Dutch Tax and Customs Administration ("Belastingdienst").

Founded in

Netherlands