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of <h1>Article 23 of Double Tax Agreement: Methods for Eliminating Double Taxation with Deductions and Credits for Residents</h1> Article 23 of the Double Tax Avoidance Agreement outlines methods for eliminating double taxation between two territories. For residents of the first territory, a deduction is allowed for taxes paid in the second territory, not exceeding the attributable tax on that income. If income is exempt in the first territory, it may still be considered when calculating tax on other income. Similarly, for residents of the second territory, tax paid in the first territory is credited against the tax in the second territory, with the credit not exceeding the computed tax. Exempt income may also be considered in tax calculations.
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