Remittance Clause. 1. Where this Agreement provides (with or without other conditions) that income from sources in Belgium shall be exempt from tax, or taxed at a reduced rate, in Belgium and under the laws in force in Singapore the said income is subject to tax by reference to the amount thereof which is remitted to or received in Singapore and not by reference to the full amount thereof, then the exemption or reduction of tax to be allowed under this Agreement in Belgium shall apply only to so much of the income as is remitted to or received in Singapore. 2. Paragraph 1 shall not be construed to apply when Singapore exempts income received from outside Singapore referred to in paragraph 1 (b) of Article 22. In such a case, the exemption or reduction of tax to be allowed under this Agreement in Belgium shall apply to the full amount of income from sources in Belgium that is exempted from tax in Singapore.
Appears in 10 contracts
Samples: Double Taxation Agreement, Double Taxation Agreement, Double Taxation Agreement
