in Denmark. (a) subject to the provisions of sub-paragraph (c), where a resident of Denmark derives income which, in accordance with the provisions of this Agreement, may be taxed in Singapore, Denmark shall allow as a deduction from the tax on the income of that resident, an amount equal to the income tax paid in Singapore; (b) such deduction shall not, however, exceed that part of the income tax, as computed before the deduction is given, which is attributable to the income which may be taxed in Singapore; (c) where a resident of Denmark derives income which, in accordance with the provisions of this Agreement shall be taxable only in Singapore, Denmark may include this income in the tax base, but shall allow as a deduction from the income tax that part of the income tax, which is attributable to the income derived from Singapore; (d) where dividends are paid by a company which is a resident of Singapore to a company which is a resident of Denmark, and which owns directly or indirectly not less than 25% of the share capital of the first-mentioned company, then such dividends shall be exempt from tax in Denmark.
Appears in 6 contracts
Samples: Double Taxation Agreement, Double Taxation Agreement, Double Taxation Agreement
