double taxation treaty

double taxation treaty
double taxation treaty UK US noun [C] (also double taxation agreement) TAX, GOVERNMENT
an agreement between two or more countries that reduces the amount of tax that a international worker or company must pay, so they do not have to pay tax twice on the same income: »

Under the double taxation treaty, any tax paid in the country of residence will be exempt in the country in which it arises.

»

Tax deducted at source will be offsettable against your UK liability as the UK has a double taxation agreement with South Africa.


Financial and business terms. 2012.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • double taxation treaty — double taxation treaty, Also known as a double taxation agreement. An agreement between two countries under which the taxation authorities of each grant tax concessions or reliefs to prevent taxpayers being liable for tax on the same amount under …   Law dictionary

  • double taxation relief — A relief to avoid tax distorting commercial decisions relating to the expansion of business overseas. Its main purpose is to ensure that UK companies do not suffer double taxation on foreign investments such as shares in foreign subsidiaries.… …   Law dictionary

  • double taxation agreement — UK US noun [C] TAX, GOVERNMENT ► DOUBLE TAXATION TREATY(Cf. ↑double taxation treaty) …   Financial and business terms

  • double taxation agreement — double taxation treaty, Also known as a double taxation agreement. An agreement between two countries under which the taxation authorities of each grant tax concessions or reliefs to prevent taxpayers being liable for tax on the same amount under …   Law dictionary

  • Double taxation — Taxation An aspect of fiscal policy …   Wikipedia

  • Treaty country — A country that is a party to a double taxation treaty (or agreement). Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

  • Taxation in the United Kingdom — This article is part of the series: Politics and government of the United Kingdom Central government HM Treasury HM Revenue and Customs …   Wikipedia

  • Taxation in Switzerland — Taxes in Switzerland are levied by the Swiss Confederation, the cantons and the municipalities. Switzerland is a tax haven due to its general low rate of taxation, its political stability as well as the various tax exemptions or reductions… …   Wikipedia

  • Taxation in Germany — Taxes in Germany being a Federal Republic are levied by the federation ( Bund ), the States ( Länder ) as well as the Municipalities ( Kommunen ). Many direct and indirect taxes exist, whereof income tax and VAT are the most relevant. The German… …   Wikipedia

  • Tax treaty — Taxation An aspect of fiscal policy …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”