Belasting Aftrek Elders Belast

"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").