double taxation treaty Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “double taxation treaty” in the English Dictionary

"double taxation treaty" in Business English

See all translations

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)
What is the pronunciation of double taxation treaty?
Add Cambridge dictionaries to your browser to your website
Word of the Day

procession

a line of people who are all walking or travelling in the same direction, especially in a formal way as part of a religious ceremony or public celebration

Word of the Day

I used to work hard/I’m used to working hard (Phrases with ‘used to’)
I used to work hard/I’m used to working hard (Phrases with ‘used to’)
by Kate Woodford,
February 10, 2016
On this blog, we like to look at words and phrases in the English language that learners often have difficulty with. Two phrases that can be confused are ‘used to do something’ and ‘be used to something/doing something’. People often use one phrase when they mean the other, or they use the wrong

Read More 

farecasting noun
farecasting noun
February 08, 2016
predicting the optimum date to buy a plane ticket, especially on a website or using an app A handful of new and updated websites and apps are trying to perfect the art of what’s known as farecasting – predicting the best date to buy a ticket.

Read More