What does bilateral tax agreement mean?

bilateral tax agreement meaning in Law Dictionary

whenever two jurisdictions target dilemmas of taxation. It takes place when two fold taxing takes place. Taxation collection assistance is another cause for such an agreement.

bilateral tax agreement meaning in Business Dictionary

an understanding between two jurisdictions (as an example, two countries) that covers disputes or duplication with regards to dilemmas of taxation. Bilateral income tax agreements frequently concern the difficulty of two fold taxation whenever a person or company resides in more than one jurisdiction. They could also include an exchange of information and shared support in tax collection.