double taxation


Also found in: Financial, Wikipedia.

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 ?
THE Philippines and Ireland discussed a proposed bilateral agreement that aims to avoid double taxation on individuals and companies in both countries.
The governments of the Philippines and Ireland recently held the first round of negotiations on a proposed bilateral agreement that aimed to avoid double taxation on individuals and companies in both countries.
The recently signed Memorandum of Understanding between the National Inland Waterways Authority (NIWA) and the Lagos State Waterways Authority (LASWA) over control of waterways in Lagos State is presently generating confusion among boat operators in the state as many have raised the alarm of double taxation on ferry operators.
The Department of Finance (DOF) started its negotiation with the government of Ireland for a possible bilateral agreement aiming to avoid double taxation on individuals and companies in both countries.
Philippines, Ireland start talks on double taxation agreement !-- -- (Philstar.com) - August 28, 2019 - 6:02pm MANILA, Philippines The Philippines and Ireland havestarted talks on a proposed bilateral deal that seeks to avoid double taxation on individuals and companies in both countries, the Department of Finance said Wednesday.
BAGHDAD (NINA) - Iraq and the Netherlands signed an agreement on Monday to avoid double taxation and prevent tax evasion and avoid it.
Tunisia takes keen interest in the experience of Singapore, he said; the accord concluded offers an adequate legal framework to preserve investment rights and avoid double taxation.
The Avoidance of Double Taxation Agreement signed between the UAE and Saudi Arabia has come into effect at the beginning of this month, after both countries completed the necessary procedures in accordance with their regulations.
THIS refers to letter about 'Double taxation' (March 5).
Summary: New Delhi [India], Nov 26 (ANI): The Governments of India and China on Monday amended the Double Taxation Avoidance Agreement (DTAA) for avoidance of double taxation, and prevention of fiscal evasion with respect to taxes on income.
President of Kazakhstan Nursultan Nazarbayev has signed the law on ratification of the protocol between Kazakhstan and Uzbekistan on avoidance of double taxation of incomes, the press service of the head of state reported Sept.