Common use of in Myanmar Clause in Contracts

in Myanmar. (a) Where a resident of Myanmar derives income which, in accordance with the provisions of this agreement, may be taxed in India, Myanmar shall allow as a deduction from the tax on the income of that resident, an amount equal to the tax paid in India. Such deduction shall not, however, exceed that portion of the tax as computed before the deduction is given, which is attributable, as the case may be, to the income which may be taxed in India. (b) Where in accordance with any provision of the agreement, income derived by a resident of Myanmar is exempt from tax in Myanmar, Myanmar may nevertheless, in calculating the amount of tax on the remaining income of such resident, take into account the exempted income.

in Myanmar. (a) Where a resident of Myanmar derives income which, in accordance with the provisions of this agreementAgreement, may be taxed in India, Myanmar shall allow as a deduction from the tax on the income of that resident, an amount equal to the tax paid in India. Such deduction shall not, however, exceed that portion of the tax as computed before the deduction is given, which is attributable, as the case may be, to the income which may be taxed in India. (b) Where in accordance with any provision of the agreementAgreement, income derived by a resident of Myanmar is exempt from tax in Myanmar, ; Myanmar may nevertheless, in calculating the amount of tax on the remaining income of such resident, take into account the exempted income.