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20132014 × F.4 BASS / HA03 / P.1 Tight Wong Fut Nam College Form 4 Business, Accounting and Financial Studies Homework Assignment 3 Ch2 Recording Transactions in Ledger Accounts and Other Double
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Revision exercise on double is a process of reviewing and updating the double taxation treaty between two countries to avoid the same income from being taxed twice.
Both the countries that are part of the double taxation treaty are required to file revision exercise on double.
The revision exercise on double is usually filled out by tax authorities and relevant government officials from both countries through bilateral negotiations.
The purpose of revision exercise on double is to ensure that the tax treaty remains relevant and effective in preventing double taxation and promoting cross-border trade and investment.
The revision exercise on double must include any updates or changes to the treaty provisions, any new protocols or amendments, and the effective date of the revisions.
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