Double taxation agreement approved

The Government today approved a double taxation agreement with its 50th overseas country, Turkey.

The pact ensures that business people operating in both countries will only pay tax in one jurisdiction.

Such agreements have now been signed with a total of 50 countries worldwide including Vietnam, Chile, Georgia, Macedonia and Moldova in recent months.

Negotiations are also currently taking place with authorities in other countries.

The signing of a double taxation agreement is expected to have a positive impact on trade and investment between both countries.

The agreement with Turkey will come into force when it is ratified by the Dáil parliament in coming weeks.


More in this Section

Dublin Zoo opens for first time in 11 weeks, with social distancing in placeDublin Zoo opens for first time in 11 weeks, with social distancing in place

Covid-19 death toll sparks calls to expand Fair Deal to provide elder care in the homeCovid-19 death toll sparks calls to expand Fair Deal to provide elder care in the home

Hosepipe ban 'increasingly likely' as demand for water surges 20% in dry conditionsHosepipe ban 'increasingly likely' as demand for water surges 20% in dry conditions

Search resumes at Lough Mask for missing five-year-old boySearch resumes at Lough Mask for missing five-year-old boy


Lifestyle

Bless me readers, I have sinned. This week, we had more than a few visitors around, some water was wasted in the back garden and I was judgmental about my friends’ parenting style.Learner Dad: The highlight was when my daughter roared, ‘this is just like being on holidays’

Wearing gloves when out in public has become more prevalent and so has pulling them on in the garden during lockdown, writes Ray RyanIreland's growing love for gardening

Dublin songstress, Imelda May.Imelda May returns with spoken word album Slip Of The Tongue

Tackling skin pigmentation requires patience, but it doesn’t need to be difficult.The Skin Nerd: What should be my first step towards lightening age spots?

More From The Irish Examiner