Common use of METHODS FOR ELIMINATION OF DOUBLE TAXATION Clause in Contracts

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State derives income which, in accordance with the provisions of this Convention, may be taxed in the other Contracting State, the first-mentioned State shall allow as a deduction from the tax on the income of that resident an amount equal to the income tax paid in that other State. 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 that other State.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State derives income which, in accordance with the provisions of this ConventionAgreement, may be taxed in the other Contracting State, the first-mentioned State shall allow as a deduction from the tax on the income of that resident resident, an amount equal to the income tax paid in that other State. 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 that other State.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State derives income which, in accordance with the provisions of this Convention, may be taxed in the other Contracting State, the first-first mentioned Contracting State shall allow as a deduction from the tax on the income of that resident resident, an amount equal to the income tax paid in that other Contracting State. 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 that other Contracting State.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State derives income which, in accordance with the provisions of this Convention, may be taxed in the other Contracting State, the first-first mentioned State shall allow allow, as a deduction tax credit from the tax on the income of that resident resident, an amount equal to the income tax paid in that other State. 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 that other State.;

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State derives income which, in accordance with the provisions of this Convention, may be taxed in the other Contracting State, then the first-first mentioned State shall allow as a deduction from the tax on the income of that resident resident, an amount equal to the income tax paid in that the other Contracting State. ; Such deduction shall not, however, exceed that part of the income tax, tax as computed before the deduction is given, which is attributable to the income which may be taxed in that the other Contracting State.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State derives income which, in accordance with the provisions of this ConventionAgreement, may be taxed in the other Contracting State, the first-mentioned State shall allow as a deduction from the tax on the income of that resident resident, an amount equal to the income tax paid in that other State. Such deduction shall not, however, exceed that part of the income tax, as computed before the deduction is given, which is attributable to the such items of income which may be taxed in derived from that other State.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State States derives income income, profits or gains which, in accordance with the provisions of this Convention, Agreement may be taxed in the other Contracting State, the first-mentioned Contracting State shall allow as a deduction from the tax on the income income, profits or gains of that resident an amount equal to the income tax paid in that other Contracting State. Such deduction shall notThe amount of deduction, however, shall not exceed that part the amount of the income taxtax payable on that income, as profits or gains computed before in accordance with the deduction is given, which is attributable to taxation laws and regulations of the income which may be taxed in that other first-mentioned Contracting State.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. 01 Where a resident of a Contracting State derives income which, in accordance with the provisions of this Convention, may be taxed in the other Contracting State, then the first-first mentioned State shall allow as a deduction from the tax on the income of that resident resident, an amount equal to the income tax paid in that the other Contracting State. ; Such deduction shall not, however, exceed that part of the income tax, as computed before the deduction is given, which is attributable attributable, as the case may be, to the income which may be taxed in that the other Contracting State.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State derives income whichfrom the other Contracting State, the amount of tax on that income payable in that other State in accordance with the provisions of this ConventionAgreement, may be taxed credited against the tax levied in the other Contracting State, the first-mentioned State shall allow as a deduction from the tax on the income that resident. The amount of that resident an amount equal to the income tax paid in that other State. Such deduction shall notcredit, however, shall not exceed that part the amount of the tax of the first-mentioned State on that income tax, as computed before the deduction is given, which is attributable to the income which may be taxed in that other Stateaccordance with its taxation laws and regulations.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State derives income which, in accordance with the provisions of this Convention, Convention may be taxed in the other Contracting State, the first-mentioned State shall allow as a deduction from the tax on the income of that resident an amount equal to the income tax paid in that other State. Such deduction shall not, however, exceed that part of the income tax, tax as computed before the deduction is given, which is attributable to the income which may be taxed in that other State.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State derives income which, in accordance with the provisions of this ConventionAgreement, may be taxed in the other Contracting State, the first-first- mentioned State shall allow as a deduction from the tax on the income of that resident resident, an amount equal to the income tax paid in that other State. 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 that other State.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. ) Where a resident of a Contracting State derives income whichwhich , in accordance with the provisions of this Convention, Convention may be taxed in the other Contracting StateState , the first-mentioned first State shall allow as a deduction deducted from the tax it levies on the income of that resident an amount equal to the income tax paid in that the other Statestate. Such deduction However, the amount deducted shall not, however, not exceed that part the portion of the income tax, tax as computed before the deduction is given, which is attributable corresponding to the income which may be taxed in that received from the other Statestate.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State derives income which, in accordance with the provisions of this Convention, may be taxed in the other Contracting State, the first-first- mentioned State shall allow as a deduction from the tax on the income of that resident resident, an amount equal to the income tax paid in that other State. 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 that other State.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State derives income which, in accordance with the provisions of this Convention, may be taxed in the other Contracting State, the first-mentioned State shall allow as a deduction from the tax on the income of that resident resident, an amount equal to the income tax paid in that other State. 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 that other State.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. Double taxation shall be eliminated as follows - 1. Where a resident of a Contracting State derives income which, in accordance with the provisions of this Convention, may be taxed in the other Contracting State, the first-mentioned Contracting State shall allow as a deduction from the tax on the income of that resident resident, an amount equal to the income tax paid in that the other Contracting State. Such deduction shall not, however, exceed that part portion of the income tax, tax as computed before the deduction is given, which is attributable attributable, as the case may be, to the income which may be taxed in that the other Contracting State.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State derives income which, in accordance with the provisions of this ConventionAgreement, may be taxed in the other Contracting State, then the first-first mentioned State shall allow as a deduction from the tax on the income of that resident resident, an amount equal to the income tax paid in that the other Contracting State. ; Such deduction shall not, however, exceed that part of the income tax, as computed before the deduction is given, which is attributable attributable, as the case may be, to the income which may be taxed in that the other Contracting State.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where If a resident of a Contracting State derives receives income or owns property in the other Contracting State which, in accordance with the provisions of this Convention, may be taxed in the that other Contracting State, the amount of tax on this income or capital paid in that other State shall be deducted from the tax imposed on such resident with respect to such income or capital in the first-mentioned State shall allow as a deduction from the tax on the income of that resident an amount equal to the income tax paid in that other State. Such However, this deduction shall not, however, not exceed that part the amount of tax of the first State on such income taxor capital, as computed before the deduction is given, which is attributable calculated according to the income which may be taxed in that other Stateits tax laws and regulations.