TaxesSupplemental assessment Safe harbour Property tax Option to be taxed Profits tax Lottery tax
Reciprocity principle
Tax treaties are agreements between two countries that aim to facilitate trade and investment by reducing the double taxation of individuals and businesses. One of the key principles that guides these treaties is the concept of give-and-take, which refers to the exchange of tax privileges between countries. This is particularly important in cases where a taxpayer may be subject to taxation in both countries, and relief is granted under domestic law if the other country also provides similar relief. This principle of reciprocity is essential in ensuring a fair and balanced approach to taxation, both domestically and internationally.
Related terms
Understand the meaning and definition of Supplemental assessment in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Safe harbour in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Property tax in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Option to be taxed in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Profits tax in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Lottery tax in the context of stock market, trading, and investments.
MORE
Explore other categories
10 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments
Get the link to download the App
