Three common main method used to relief international double taxation???

1. Tax treaties: Many countries have entered into tax treaties with each other to prevent double taxation. These treaties typically provide rules for determining which country has the primary right to tax certain types of income, as well as mechanisms for providing relief from double taxation.

2. Foreign tax credits: Many countries allow their residents to claim a credit for foreign taxes paid on income earned in another country. This helps to offset the tax liability in the resident's home country, effectively providing relief from double taxation.

3. Exemption method: Some countries provide relief from double taxation by exempting certain types of foreign income from taxation altogether. This means that income earned in another country is not subject to tax in the resident's home country, eliminating the risk of double taxation.

1. Foreign Tax Credit Method: This method allows taxpayers to claim a credit on their home country tax return for taxes paid to foreign countries. This prevents the taxpayer from being taxed twice on the same income.

2. Exemption Method: This method exempts foreign-source income from taxation in the home country. However, any expenses or losses related to the foreign income are also not deductible.

3. Deduction Method: This method allows taxpayers to deduct their foreign-source income from their home country taxable income. However, deductions for expenses or losses related to the foreign income are limited.