double deduction definition

double deduction means a deduction of the same payment, expenses or losses in the jurisdiction in which the payment has its source, the expenses are incurred or the losses are suffered (payer jurisdiction) and in another jurisdiction (investor jurisdiction). In the case of a payment by a hybrid entity or permanent establishment the payer jurisdiction is the jurisdiction where the hybrid entity or permanent establishment is established or situated.
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double deduction means a deduction in respect of the same payment for the purposes of domestic tax and foreign tax;
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double deduction means a deduction in respect of the same payment 15
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More Definitions of double deduction

double deduction means a tax deduction for the same item in both the payer jurisdiction and the investor jurisdiction.
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double deduction means where —
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Related to double deduction

  • Allowable Deductions , in relation to a mineral, means —

  • Agreed Deductions means any deductions the Agency Worker has agreed can be made from their pay;

  • Nonrecourse Deduction has the meaning assigned to that term in Treasury Regulation Section 1.704-2(b).

  • Nonrecourse Deductions has the meaning set forth in Section 1.704-2(b)(1) of the Regulations.

  • Transaction Deductions means the sum of all items of loss or deduction for U.S. federal income tax purposes resulting from or attributable to (a) the payment of legal, financial advisory, accounting and other fees and expenses of the Group Companies (but not of Buyer) in connection with the transactions contemplated hereby, including the Seller Transaction Expenses and (b) any other payment contemplated by this Agreement that is in the nature of compensation for U.S. federal income tax purposes.