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A tax treaty, also called double tax agreement (DTA) or double tax avoidance agreement (DTAA), is an agreement between two countries to avoid or mitigate double taxation. Such treaties may cover a range of taxes including income taxes, inheritance taxes, value added taxes, or other taxes. [ 1 ] Besides bilateral treaties, multilateral treaties ...
International taxation is the study or determination of tax on a person or business subject to the tax laws of different countries, or the international aspects of an individual country's tax laws as the case may be. Governments usually limit the scope of their income taxation in some manner territorially or provide for offsets to taxation ...
v. t. e. Double taxation is the levying of tax by two or more jurisdictions on the same income (in the case of income taxes), asset (in the case of capital taxes), or financial transaction (in the case of sales taxes). Double liability may be mitigated in a number of ways, for example, a jurisdiction may: exempt foreign-source income from tax,
It is a treaty-based rule that allows countries to tax payments that might face a rate of tax above the minimum level granted. The STTR tax rate would be withheld between 7.5% to 9%. If a jurisdiction does not levy a tax on certain payments to an adequate level, then the jurisdiction of the payer is allowed to excise the top-up withholding tax.
The Convention on Mutual Administrative Assistance in Tax Matters is a convention to facilitate the entering into bilateral tax information exchange agreements between state parties. The Convention was developed by the OECD and the Council of Europe and was open for signature to members of both organizations on 25 January 1988, and entered into ...
Tax information exchange agreements (TIEA) provide for the exchange of information on request relating to a specific criminal or civil tax investigation or civil tax matters under investigation. [ 1 ] A model TIEA was developed by the OECD Global Forum Working Group on Effective Exchange of Information. This exchange of information on request ...
v. t. e. A permanent establishment (PE) is a fixed place of business that generally gives rise to income or value-added tax liability in a particular jurisdiction. The term is defined in many income tax treaties and in most European Union Value Added Tax systems.
Addressing international tax cooperation at the UN would contribute to other UN competencies, in particular with regard to the Sustainable Development Goals . [ 1 ] [ 2 ] Under Resolution 78/230 of 22 December 2023, the General Assembly established an Ad Hoc Committee to draft the terms of reference for a UN Framework Convention on ...