Double-tax agreement

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Double-tax agreement

Agreement between two countries that taxes paid abroad can be offset against domestic taxes levied on foreign dividends.

Double-Tax Agreement

An agreement between the governments of two countries stating that the taxes one pays on dividends in one country may be deducted from one's income from foreign dividends in the other country. This is especially important for multinational corporations and individuals who have overseas interests when one or both countries tax worldwide income. See also: Foreign Tax Credit, Double Taxation.
References in periodicals archive ?
International Executive Service Corporation's senior trade adviser Rudy N Vogel, who works closely with the Industry and Commerce Ministry, said that the double tax agreement between the two countries which was signed in Washington in April was yet another spin off from Bahrain's free trade agreement with the US which would further help to strengthen ties between the two nations.
Such a person may be liable for tax in Namibia, subject to any double tax agreement ("DTA") relief.
Although Cyprus signed an avoidance of double tax agreement with Russia in 1998, the island was placed on the black list in 2008 after the Russian authorities branded the island a "tax haven" because the government failed to provide Russian tax collectors with information related to repatriated dividends from companies based on the island.
Bermuda has close ties with the financial community here and we recently signed a double tax agreement with the kingdom.
The treaty is a full double tax agreement, and as such will be a real help for British and Bahraini businesses.
The following are a few of his activities and projects: Member of the Ghana Stock Exchange Council, Board of Trustees, Mines Trust, Management Committee of Commonwealth Administration of Tax Experts, United Nations Ad Hoc Group of Experts in International Cooperation in Tax Matters 7 United Nations Law and Population Project, Study on Equipment Leasing in Ghana, Casebook preparation on Ghana's Income Tax, Review of Ghana's Double Tax Agreement with the UK.
One solution for companies to get round the issue might be to set up managerial operations in centres like Hong Kong that have a double tax agreement with Beijing and lower tax rates than China, Lee said.
It offers Canadian asset managers the same benefits as jurisdictions that have a double tax agreement with Canada and in a jurisdiction internationally recognized for its robust regulatory and legislative framework, clear and consistent fiscal policy and sophisticated, experienced and specialized corporate service providers,"