Nov. 4 (Bloomberg) -- Taiwan and China have reached an agreement on the exemption of double taxation, the Economic Daily News reported on its Web site today, without citing the source of the information.

The deal will be signed by the end of the year and allocation of taxation rights and exchange of tax information will commence next year, the Taipei-based newspaper reported today.

To contact the reporter on this story: Tim Culpan at tculpan1@bloomberg.net

Last Updated: November 3, 2009 18:02 EST