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

METHODS FOR THE ELIMINATION OF DOUBLE TAXATION. 1. Subject to the provisions of paragraphs 3 and 4, 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 tax paid in that other State. Such deduction shall not, however, exceed that part of the tax, as computed before the deduction is given, which is attributable to the income which may taxed in that other State.

Appears in 2 contracts

Samples: internationaltaxtreaty.com, www.incometaxindia.gov.in

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METHODS FOR THE ELIMINATION OF DOUBLE TAXATION. 1. Subject to the provisions of paragraphs 3 and 4, where 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 an amount equal to the income tax paid in that other State. Such deduction shall not, however, exceed that part of the tax, 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 other State.

Appears in 2 contracts

Samples: internationaltaxtreaty.com, www.multi-count.com

METHODS FOR THE ELIMINATION OF DOUBLE TAXATION. 1. Subject to the provisions of paragraphs 3 and 4, where 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 first 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 The deduction shall not, however, exceed that part of the tax, income tax as computed before the deduction is given, which is attributable appropriate to the income which may be taxed in that the other Contracting State.

Appears in 2 contracts

Samples: Taxation Avoidance Agreement, Philippines Brazil Convention

METHODS FOR THE ELIMINATION OF DOUBLE TAXATION. 1. Subject to the provisions of paragraphs 3 and 4, 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 an amount equal to the tax paid in that other State. Such deduction shall not, however, exceed that part of the tax, as computed before the deduction is given, which is attributable to the income which may taxed in that other State.

Appears in 1 contract

Samples: idt.taxsutra.com

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METHODS FOR THE ELIMINATION OF DOUBLE TAXATION. 1. Subject to the provisions of paragraphs 3 and 4, 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 tax paid in that other State. Such deduction shall not, however, exceed that part of the tax, as computed before the deduction is given, which is attributable to the income which may be taxed in that other State.

Appears in 1 contract

Samples: Double Taxation Agreement

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