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 ?
An official level meeting between India and Cyprus took place in New Delhi on 28 and 29 June, 2016, to finalize the new India Cyprus Double Taxation Avoidance Agreement, wherein all pending issues, including taxation of capital gains, were discussed, and in-principle agreement was reached on all pending issues.
At an interactive session with representatives of trade and industry from all over the country, here, Mukherjee said: "The areas are: The concept of Minimum Alternative Tax (MAT) based on gross assets; Capital Gains Taxation in the case of non-residents; The Income Tax Act and the Double Taxation Avoidance Agreement (DTAA); General Anti-Avoidance Rule (GAAR); Issues relating to effective management control and taxation of foreign companies in India; Taxation of charitable organizations; and Shift from EEE to EET taxation system."
India have signed a protocol with Slovenia to amend the bilateral double taxation avoidance agreement (DTAA) that will support exchange of information to curb tax evasion.
The government is also pursuing the issue of renegotiating double taxation avoidance agreement with Mauritius.
gains tax in the case of non- residents and the Income Tax Act and the Double Taxation Avoidance Agreement ( DTAA).
New Delhi, Nov 20 (ANI): A Double Taxation Avoidance Agreement was signed between India and Tajikistan on Thursday.
India and Kuwait signed the Double Taxation Avoidance Agreement (DTAA) signed in 2006 for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income, through the Protocol.
Income Tax Act & Double Taxation Avoidance Agreement
The Ministry of Foreign Affairs (MoFA) yesterday exchanged diplomatic memos with the Embassy of Japan on the implementation of the Double Taxation Avoidance Agreement (DTAA) and Prevention of Fiscal Evasion with respect to taxes on income in Abu Dhabi.
The amendments in the double taxation avoidance agreement mainly concern the data exchange.
Meanwhile, Dr Mahathir and Hun Sen witnessed the signing of the Double Taxation Avoidance Agreement (DTA) and the Memorandum-of-Understanding on Cooperation in the Field of Tourism.