Double Taxation Treaty (or Agreement) the reciprocal arrangement between two countries that specifies which country has taxing rights over an individual, if they both have such rights, which one takes priority. The Agreement may set down different rules for different types of income, also agree to exempt some income or gains from tax or allow a set-off of tax paid in one country against tax due in the other.
Related Definitions in the Project: The Project Contract; Commercial Definitions
