Double taxation relief: tax credit and exemption with progression mechanisms allocate relief between contracting states. Article 23 prescribes two primary relief mechanisms: each Contracting State grants a tax credit for income taxed in the other State, limited to the portion of domestic tax attributable to that foreign taxable income; and where income is exempt under the Agreement, the resident State may take the exempted income into account when calculating tax on the resident's remaining income, applying an exemption with progression approach.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Double taxation relief: tax credit and exemption with progression mechanisms allocate relief between contracting states.
Article 23 prescribes two primary relief mechanisms: each Contracting State grants a tax credit for income taxed in the other State, limited to the portion of domestic tax attributable to that foreign taxable income; and where income is exempt under the Agreement, the resident State may take the exempted income into account when calculating tax on the resident's remaining income, applying an exemption with progression approach.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
