Double taxation relief permits a tax credit limited to attributable domestic tax or exemption considered for progression. The treaty preserves domestic taxation rules unless the Agreement provides otherwise and requires that, when a resident's income may be taxed in the other ... Summary
Double taxation relief permits a tax credit limited to attributable domestic tax or exemption considered for progression.
The treaty preserves domestic taxation rules unless the Agreement provides otherwise and requires that, when a resident's income may be taxed in the other State, the resident's State allow a tax credit for tax paid abroad limited to the domestic tax attributable to that income; additionally, if income is exempt under the Agreement, the resident's State may consider the exempt income in computing tax on the remaining income (exemption with progression).
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