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 ?
In the interests of further success on the part of Hungarian enterprises within the fields of agricultural technologies and the pharmaceutical industry, the two foreign ministers began negotiations on an agreement on avoiding dual taxation and on an investment protection agreement, with relation to which Hungary has received the preliminary authorisation of the European Union, the statement highlighted.
like disparity in taxation system, dual taxation, high input cost and
Issue of withholding tax is top of the list in the other miseries like disparity in taxation system, dual taxation, high input cost and delay in refunds that must be resolved according to the demand of the business community,' the LCCI office-bearers said while talking to a delegation of All Pakistan anjuman-e-Tajran, led by Khalid Pervez.
Talking to a delegation of All Pakistan Anjuman-e-Tajran (APAT), led by Khalid Pervez, here at the LCCI, they said that withholding tax was a major among other issues, like complex taxation system, dual taxation, high input cost and delay in refunds, that must be resolved.
Issue of withholding tax is top of the list in the other miseries like disparity in taxation system, dual taxation, high input cost and delay in refunds that must be resolved according to the demand of the business community, the LCCI office-bearers said while talking to a delegation of All Pakistan anjuman-e-Tajran, led by Khalid Pervez.
Following the expanded talks, the King and President Rahmon witnessed the signing of two cooperation agreements between the two countries on enhancing and protecting mutual investments as well as avoiding dual taxation as well as tax evasion.
The council will demand amendments to some items in the tax law, mainly the dual taxation, the NNA said.
Summary: Cambodia and Thailand have officially signed a double taxation agreement (DTA) that protects each countryEe's nationals from dual taxation and aims to encourage bilateral investment and strengthen economic ties.
Fortunately, totalization agreements also prevent dual taxation.
Moreover, Growers of the district have protested against the policy of the government to impose dual taxation from them and called upon the government to withdraw the notices issued by the Board of Revenue under the Income Tax Act for the realisaton of income tax.
2000 -- Kuwait and Pakistan signed records on the exchange of ratification documents of the dual taxation and tax evasion agreement.
Asif Haroon recommended that Dual Taxation should be avoided - FED and Provincial Taxes e.

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