Double taxation relief: foreign tax credit limited to domestic tax attributable to the foreign taxable income, with exemption with progression. Where a resident derives income taxable in the other Contracting State, the resident's State shall allow a deduction from its tax equal to tax paid in the ... Summary
Double taxation relief: foreign tax credit limited to domestic tax attributable to the foreign taxable income, with exemption with progression.
Where a resident derives income taxable in the other Contracting State, the resident's State shall allow a deduction from its tax equal to tax paid in the other State, limited to the portion of domestic tax attributable to that income; where income is exempt under the Agreement, the State may nonetheless take the exempt income into account when computing tax on the remaining income (exemption with progression).
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