Tax Treaty

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Also found in: Acronyms.

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 ?
In particular, the Commission will assess whether Luxembourg authorities selectively derogated from the provisions of their national tax law and the Luxembourg-US Double Taxation Treaty and whether thereby the Luxembourg authorities gave McDonald's an advantage not available to other companies in a comparable factual and legal situation.
Vistra has those skills and with 27 offices across 20 jurisdictions is able to offer emerging market clients a wide choice of double taxation treaty jurisdictions and asset protection jurisdictions to meet their needs.
While all representatives must comply with the terms of the relevant double taxation treaty, it is probably also prudent to ensure that employees resident in the UK for tax purposes also avoid the attentions of any other tax authority.
Also, the United States and Mexico recently agreed on a double taxation treaty for the first time, so we have to train a lot of people in that area, too.
Cyprus and Iran signed am avoidance of double taxation treaty on Tuesday, opening the way for new investment opportunities and trade relations between the two countries.
Earlier in 2014, Ryanair was the target of a double taxation treaty inked by Denmark and Ireland.
The two countries also entered into a new era of economic relations by signing an avoidance of double taxation treaty on Wednesday with a renewed pledge to strengthen trade and investment ties further.
For anyone receiving a pension income the first EUR3,417 is tax-free and tax then is paid on the remainder at a fixed rate of only five per cent, thanks to a double taxation treaty with Britain.
India recently cancelled its double taxation treaty with Cyprus on the grounds that it did not receive any answers to the questions sent to the authorities here.
The double taxation treaty, she said, would bring about tax savings in connection with cross-border economic activities.
The individual then receives payments from the trust as a beneficiary tax free by virtue of the relevant double taxation treaty.