Double taxation relief: foreign tax credit and deduction mechanisms permit cross-border tax relief between contracting jurisdictions. Article 23 establishes reciprocal relief: India allows a deduction for tax paid in Malta limited to the portion of Indian tax attributable to ... Summary
Double taxation relief: foreign tax credit and deduction mechanisms permit cross-border tax relief between contracting jurisdictions.
Article 23 establishes reciprocal relief: India allows a deduction for tax paid in Malta limited to the portion of Indian tax attributable to Malta-taxable income and may factor exempted income into taxation of remaining income; Malta, subject to domestic law, allows Indian tax as a credit against Malta tax on income sourced in India and may likewise take exempted income into account when computing tax on remaining income.
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