double taxation

(redirected from Double Taxation Avoidance Agreement)
Also found in: Financial, Acronyms.

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.

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.
References in periodicals archive ?
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."
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.
Income Tax Act & Double Taxation Avoidance Agreement
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.