NOTE: The tax exemption/reduction in Iceland provided for in the agreements in force can only be obtained by requesting an exemption/reduction from the Director of Internal Revenue on Form 5.42. Until there is an authorized exemption with registered number, you have to pay taxes in Iceland. Cyprus has concluded more than 45 double taxation treaties and is negotiating with many other countries. These agreements generally allow a credit on the tax levied by the country where the taxable person resides for taxes levied in the other contracting country, which has the consequence that the taxable person does not pay more than the higher of the two rates. Some agreements provide for an additional tax credit for taxes that would otherwise have had to be paid had there been no incentives in the other country resulting in an exemption or reduction. Jurisdictions may enter into tax treaties with other countries that set rules for the avoidance of double taxation. These agreements often include provisions for the exchange of information to prevent tax evasion, for example when a person requests a tax exemption in one country because of his or her non-residence in that country but does not declare it as foreign income in the other country; or to claim local tax breaks on a foreign withholding tax deduction that has not actually occurred. [Citation required] India has concluded a comprehensive double taxation treaty with 88 countries, 85 of which have entered into force.  This means that there are agreed tax rates and jurisdiction for certain types of income to be collected in one country for a tax established in another country. . .