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double taxation
(redirected from Dual taxation)

   Also found in: Financial, Wikipedia 0.01 sec.

double taxation n. taxation of the same property for the same purpose twice in one year. This is generally prohibited if it occurs through such circumstances as transfer of property which has been taxed once and then the tax is imposed on a new owner. However, if all property in a jurisdiction is taxed twice in the same year, it is legal since not discriminatory or unfair.



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Kuwait and Spain are bound to several agreements, including the preventing of dual taxation, investment protection, cultural and medial cooperation.
There is a dual taxation rate for teas sold in the auctions.
The Secretary of the GPC for Industry, Economy & Trade said the meeting discussed the signing of an agreement to prevent dual taxation and guaranteeing and protecting investments in both countries, as well as jointly working for the partnership with the EU in other areas of human development.
 
 
 
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