Definition ∞ International Tax Agreements are treaties or conventions between two or more countries designed to prevent double taxation and facilitate tax cooperation. These agreements establish rules for allocating taxing rights over various types of income and assets. They aim to promote international trade and investment by providing tax certainty. Such agreements are fundamental to global economic relations.
Context ∞ The applicability of international tax agreements to digital assets is a complex and evolving area, as existing frameworks were not specifically designed for cryptocurrencies. Jurisdictions are working to adapt these agreements or create new ones to address the unique characteristics of digital assets, such as their global nature and ease of transfer. Achieving consistent global tax treatment remains a significant challenge.
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