Tax Convention
/ˈtæks kənˌvɛnʃən/
Definitions
- (n.) A bilateral or multilateral treaty between countries to avoid double taxation and prevent fiscal evasion regarding taxes on income or capital.
The tax convention between the two nations clarified the rules for taxing cross-border investments.
Forms
- tax convention
- tax conventions
Related terms
See also
Commentary
Tax conventions are critical in international tax law to ensure cooperation and reduce the risk of double taxation, typically requiring precise treaty drafting to address diverse tax systems.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.