By: Wu Ching-chun and Y.F. Low
Taipei, May 2 (CNA) Taiwan has reached an agreement with Canada on the avoidance of double taxation at an annual bilateral economic consultation, the Ministry of Economic Affairs (MOEA) said Saturday.
The double taxation avoidance pact, which will be signed very soon, will be favorable to Taiwan businesses because it will prevent investors from being taxed in more than once on the same income, the ministry said.
Each year, there are more than 10,000 double taxation disputes involving Taiwanese businesses operating in Canada, according to the ministry. [FULL STORY]