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In 2003, the two countries signed a double taxation agreement.
Also, investors in countries without a double taxation agreement prefer euros.
Britain has a double taxation agreement with Spain, to ensure people do not pay tax on the same income in both countries.
The UK has signed many double taxation agreements with other countries.
Since this is inequitable, many nations make bilateral double taxation agreements with each other.
New Zealand has double taxation agreements with various countries that set out which country will tax specific types of income.
A double taxation agreement is an agreement between two countries to reduce the amount of tax that's actually paid.
Some double taxation agreements exempt gains on certain assets.
Many countries have now reached double taxation agreements with the UK where they will only tax your income once.
In 2009 both nations have given some consideration for the signing of a double taxation agreement between their two nations.
Under double taxation agreements you can also receive relief from British tax on dividends, royalties and interest.
A withholding tax on royalties of 12% unless double taxation agreements apply.
But if it has a double taxation agreement with the UK you won't normally have to pay the same tax twice.
This period is specified in the terms of the double taxation agreement and is generally between 3 and 24 months - you'll need to check.
Liechtenstein recently made a tax information exchange agreement with Britain, which is a step towards a double taxation agreement.
The renegotiated double taxation agreement was signed in Nicosia on 18 February 2011.
The UK has double taxation agreements with many other countries to make sure that you don't pay tax twice on the same income or gain.
However, if the country you live in has a double taxation agreement with the UK you may be able to get relief or exemption.
If there's no double taxation agreement with the country where your business is resident then it won't be exempt from UK tax.
If there is no relief under a double taxation agreement tax will normally be deducted from your pension before it is paid.
The Commission is fully aware of the impact of double taxation agreements on the internal market and it will start preparing public consultations in 2009.
If you're a Swiss taxpayer (or if your country has a double taxation agreement with Switzerland) then you can claim the tax back.
Besides, a Double Taxation Agreement was done and come into force in 1998 and in 2005.
But this is only for the purposes of applying the provisions of the Double Taxation Agreement.
This rule will be modelled on general UK tax principles and on those in double taxation agreements.