November 30, 2022
1 min read

Britain and Brazil sign pact to avoid double taxation

The link to the full text of the agreement will be included here once it is published on the official page of the British Government…reports Asian Lite News

The United Kingdom and Brazil signed a Double Taxation Agreement (DTA) on Tuesday. The Agreement will provide relief from the double taxation of income in both countries.

It is the most significant development in the trade relationship between the United Kingdom and Brazil in many years and represents a concrete response to demands from business in both countries – exploratory dialogues have been ongoing since 2017.

Double taxation makes cross-border trade and investment more expensive, as well as creating obstacles for cross-border workers, which is burdensome for both the business sector and for individuals.

The DTA brings about important benefits for the British and Brazilian economies. It will ensure that United Kingdom and Brazilian businesses encounter fewer economic and administrative burdens when doing business in the other country and reduce the costs of doing so.

As a result, we anticipate that the Brazilian market will become a more attractive place to invest for the British business community and will also facilitate Brazilian investment in the United Kingdom contributing to job creation, innovation and prosperity.

The link to the full text of the agreement will be included here once it is published on the official page of the British Government.

Before the signing of the DTA, Brazil was one of the only major trading partners of the United Kingdom that had not yet concluded an agreement to avoid double taxation.

ALSO READ-India’s Koo enters Brazil, gets over 1 mn downloads in 48 hours

Previous Story

Canada’s economy rises 0.7% in Q3

Next Story

US Senate votes to protect same-sex, interracial marriages

Latest from -Top News

Rajasthan Returns to Dubai

This year, the Rajasthan Tourism Board set up their stand at ATM Dubai stage 2025—its first appearance in 15+ years. Under the stewardship of Additional Director Mr. Anand Tripathi, Department of Tourism,

Beijing’s Shadow Over Kashmir Terror

The Pahalgam massacre is not just an act of terror; it is a strategic message. It exposes how Pakistan, increasingly beholden to China, is being used as a tool to undermine India’s

India Calls Out Pakistan’s Double Game

Indian High Commissioner to the UK warned that the current hostilities could cease entirely if Pakistan simply refrains from targeting Indian military installations…reports Asian Lite News Indian High Commissioner to the UK,

Gates to Give 99% Away 

Spread out over time, this will enable the foundation to invest an additional $200 billion (£150.8 billion) in its core focus areas, primarily global health and U.S. education, over the next two
Go toTop

Don't Miss

Brazil to rise minimum wage from May

President said that his administration would set a new rule

Brazil, UAE seek to deepen trade, investment ties

Brazil is currently the UAE’s biggest trading partner in Latin