double taxation treaty Meaning in the Cambridge English Dictionary
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Meaning of “double taxation treaty” in the English Dictionary

"double taxation treaty" in Business English

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double taxation treatynoun [C]

uk   us   (also double taxation agreement) TAX, GOVERNMENT
an ​agreement between two or more countries that ​reduces the ​amount of ​tax that a ​internationalworker or ​company must ​pay, so they do not have to ​paytax twice on the same ​income: Under the ​doubletaxationtreaty, any ​taxpaid 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 ​doubletaxationagreement with South Africa.
(Definition of double taxation treaty from the Cambridge Business English Dictionary © Cambridge University Press)
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