In the case of Italy. If a resident of Italy owns items of income which are taxable in Greece, Italy, in determining its income taxes specified in Article 2 of this Convention, may include in the basis upon which such taxes are imposed the said items of income unless specific provisions of this Convention otherwise provide. In such case, Italy shall deduct from the taxes so calculated the income tax paid in Greece but in an amount not exceeding that proportion of the aforesaid Italian tax which such items of income bear to the entire income. However, no deduction will be granted if the item of income is subjected in Italy to a final withholding tax by request of the recipient of the said income in accordance with the Italian law.
In the case of Italy. If a resident of Italy owns items of income which are taxable in Saudi Arabia, Italy, in determining its income taxes specified in Article 2 of this Convention, may include in the basis upon which such taxes are imposed the said items of income, unless specific provisions of this Convention otherwise provide. In such a case, Italy shall deduct from the taxes so calculated the income tax paid in Saudi Arabia but in an amount not exceeding that proportion of the aforesaid Italian tax which such items of income bear to the entire income.
In the case of Italy. (a) If a resident of Italy owns items of income which are taxable in Ukraine, Italy, in determining its income taxes specified in Article 2 of this Convention, may include in the basis upon which such taxes are imposed the said items of income, unless specific provisions of this Convention otherwise provide. In such a case, Italy shall deduct from the taxes so calculated the income tax paid in Ukraine but in an amount not exceeding that proportion of the aforesaid Italian tax which such items of income bear to the entire income. However, no deduction will be granted if the item of income is subjected in Italy to a final withholding tax by request of the recipient of the said income in accordance with the Italian law.
(b) If a resident of Italy owns items of capital that, in accordance with the provisions of this Convention, may be taxed in Ukraine , the tax on capital paid in Ukraine shall be allowed as a credit against Italian tax on capital on the same item of capital. The credit shall not, however, exceed that proportion of the Italian tax which the item of capital owned in Ukraine bears to the entire capital.
In the case of Italy l’imposta sul reddito delle persone fisiche (individual income tax); - l’imposta sul reddito delle persone giuridiche (corporate income tax); - l’imposta locale sui redditi (local income tax) even if said taxes are collected through withholding (which shall be referred to hereinafter as the “Italian tax”);
In the case of Italy. Where a resident of Italy owns items of income which are taxable in Czechoslovakia, Italy may, in calculating its own taxes on the income specified in Article 2 of this Convention, include in the taxable base of such taxes these items of income, unless this Convention provides otherwise. In that case, Italy shall deduct from the taxes so calculated the tax on income paid in Czechoslovakia, but the amount of the deduction shall not exceed the amount of Italian tax which is appropriate to these items of income. However, no deduction shall be granted where an item of income is, at the request of the beneficiary of the income and in accordance with Italian law, subject to a final withholding tax.
