A double taxation agreement is an agreement between two jurisdictions to mitigate the effect of paying tax in both jurisdictions. Most treaties are between countries, however the term “jurisdictions” is used because some countries, such as the USA have a state system and treaties can be signed at state level rather than federal level. Tax treaties can apply to both personal and corporate tax.
Tax treaties and their implementation vary for each jurisdiction. If you engage in international or cross-border business, our specialists can offer succinct transactional advice on how you may benefit from any tax treaties in place.
Please contact our offices for further information.