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of <h1>Double Tax Avoidance Agreement: Dividends Taxed Only in Company's Resident Territory to Prevent Double Taxation</h1> Dividends paid by a company resident in one territory to a resident of the other territory may be taxed solely in the territory where the company is a resident. This provision is part of the Double Tax Avoidance Agreement (DTAA) between the two territories, aimed at preventing double taxation on dividends across international borders.
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