A Double Tax Agreement, also known as a Tax Treaty, is a legal agreement between two countries to prevent individuals and companies from being taxed twice on their income. This agreement outlines which country has the right to tax certain types of income and provides guidelines for avoiding double taxation. These agreements are important for promoting international trade and investment, and understanding them is crucial for navigating the complexities of international taxation. So, let's dive into the details of Double Tax Agreements and how they impact the world of finance.
