Tax Treaty

(redirected from Bilateral Tax Agreements)

Tax Treaty

A treaty between two countries governing double taxation and other matters when a company or individual owes taxes to both countries. Tax treaties are written because double taxation with no exceptions could result in a decrease in trade between the two countries. Most countries (except tax havens) have entered into tax treaties with their trading partners and others. A tax treaty is also called a bilateral tax agreement.
References in periodicals archive ?
Chancellor Werner Faymann and domestic rivals have said three conditions must be met however, including respecting Austria's bilateral tax agreements with Switzerland and Liechtenstein, and a requirement that authorities identify the financial owners of shell corporations and trusts.
DTAAs are bilateral tax agreements between countries that provide for certainty on how and when an income will be taxed and by which country.
In July, the British Virgin Islands and the Cayman Islands joined the OECD "white list" of countries using recognized tax standards after signing at least 12 bilateral tax agreements.
residents or residents in nations that have bilateral tax agreements with Italy (i.
Additionally, those ADS holders who reside for tax purposes in Italy or in countries that have bilateral tax agreements with Italy are encouraged to promptly contact the Company or the ADR Department of The Bank of New York to inquire about the correct procedure to claim the reimbursement of the difference between the above mentioned 27 percent preliminary withholding tax and the withholding tax prescribed under the fiscal laws of their countries of residence.
Additionally, those ADS holders who reside in Italy or in nations that have bilateral tax agreements with Italy are encouraged to promptly contact the Company or the ADR Department of The Bank of New York to inquire about the correct procedure to claim the reimbursement of the difference between the above mentioned 27 percent provisory withholding tax and the withholding tax prescribed under the fiscal laws of their countries of residence.
residents or residents in the nations that have bilateral tax agreements with Italy (i.

Full browser ?