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 ?
To facilitate the implementation of Action 7 and other BEPS action items into all double tax agreements, and to avoid the necessity that all local governments will have to enter into treaty negotiations on a per-treaty basis, the OECD invented the multilateral instrument (MLI).
Importantly, the deal will also position Gibraltars offering on an equal footing with competing jurisdictions that currently enjoy the benefit of a double tax agreement with the UK.
An update to the existing Double Tax Agreement (DTA) will reduce barriers to cross-border trade and investment, says Revenue Minister Stuart Nash.
The updated double tax agreement will allow New Zealands first automatic exchange of information with Hong Kong to occur by 30 September 2018.
A double tax agreement between the Seychelles and Singapore has come into effect from January 1, 2016, setting up a profitable system framework to boost cross-border investment and trade.
The United Arab Emirates (UAE) has inked a protocol with Luxembourg to revise their double tax agreement.
Mauritius and Nigeria's new Double Tax Agreement (DTA) is a part of Mauritius's plans to work out an enhanced treaty network across Africa, for promoting Mauritius as the ideal offshore location to channel direct investments into Africa.
Companies established on the QFC's platform also benefit from an efficient double tax agreements network with 81 countries around the world.
We also have more double tax agreements (DTAA) and bilateral investment treaties with over 100 countries.
"Visa-free travel, family security, expanding businesses, preservation of wealth and double tax agreements are some of the few benefits that these individuals wish to attain when looking for an alternative citizenship," she said.
Chapter 4 discusses different tax provisions in the global economy such as double tax agreements, trade agreements, transfer pricing etc.
Mauritius is a member of the Common Market for Eastern and Southern Africa (COMESA) and the Southern African Development Community (SADC), and currently has double tax agreements with 38 countries including 14 African countries; five more African agreements are in the pipeline, among them the Kenyan agreement.