double taxation agreement
double taxation treaty, Also known as a double taxation agreement. An agreement between two countries under which the taxation authorities of each grant tax concessions or reliefs to prevent taxpayers being liable for tax on the same amount under both systems and to lower the withholding tax payable in one country on dividends, interest and royalties paid to a person in the other country. These treaties are incorporated into UK domestic laws by statutory instruments made under section 788 of the Income and Corporation Taxes Act 1988.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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