double taxation


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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.

References in periodicals archive ?
Summary: An agreement on avoidance of double taxation (DTA) between Tunisia and Singapore was signed at a visit of a diplomatic economic delegation to Singapore, Hatem Ferjani, Secretary of State for
The Government has approved ratification of the agreement with the UK on avoidance of double taxation and prevention of tax evasion with respect to taxes on income and capital gains.
Summary: New Delhi [India], Feb 22 (ANI): The Central Board of Direct Taxes (CBDT) on Thursday said the revised Double Taxation Avoidance Agreement (DTAA) between India and Kenya has been notified.
SPA) RIYADH: Saudi Arabia and the Swiss Federal Council on Sunday signed an agreement to avoid double taxation on income and capital, as well as to prevent tax evasion.
I have the honor to seek approval of three Double Taxation Avoidance Agreements (DTAAs), namely:
LAHORE -- The Lahore Chamber of Commerce and Industry (LCCI) demanded on Tuesday harmony between the provincial and federal tax collecting agencies to avert double taxation.
The Philippines is set to sign a double taxation agreement (DTA) with Brunei while eyeing to start negotiations with three other Asean countries as part of its commitments under the regional integration framework.
The Ministry of Finance (MoF), signed a final agreement for the avoidance of double taxation with the Republic of Cameroon at the Ministry's premises in Dubai today.
The Ministry of Finance (MoF) has signed a final agreement for the avoidance of double taxation with the Republic of Cameroon at the Ministry's premises in Dubai.
Luxembourg was one of the few countries with which Cyprus had no double taxation agreement in place.
Global Banking News-April 14, 2016--UAE, UK sign agreement on avoidance of double taxation
Pakistan and Afghanistan will initiate negotiations for signing a treaty on avoidance of double taxation and prevention of fiscal evasion to promote bilateral trade.