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 ?
The cabinet secretary also said that the cabinet has approved the "Leather and Leather Goods Development Policy, 2019" giving emphasis on attracting foreign investment as Bangladesh has set a target to earn five billion US dollars from export in this sector by 2024 and a pact signed between Bangladesh and Czech Republic to avoid dual taxation and stop dodges of revenue.
With the attendance of Gomes, Sheikh Abdullah and Barbosa signed an agreement between their governments to avoid dual taxation and prevent tax evasion, as well as another agreement to promote and protect mutual investments, and a Memorandum of Understanding, MoU, related to the political consultations between their respective ministries.
The agreement on preventing dual taxation was signed by Finance Minister Omar Malhas and Tajik Finance Minister Qurboniyon Abdusalom Karim.
The two leaders signed agreements to prevent dual taxation and to boost cultural cooperation.
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.
Asif Haroon recommended that Dual Taxation should be avoided - FED and Provincial Taxes e.g.
An agreement on evading dual taxation was signed by Finance Minister Ibrahim Al-Assaf and his Turkmenistan's counterpart, Mohammed Goli Mohammadov.
An agreement on avoidance of dual taxation between the governments of the two countries by Shaikh Khalid and Egyptian Finance Minister Amr Abdulaziz Al Jarhi

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