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of <h1>Article 23 of DTAA: How Residents Can Avoid Double Taxation through Tax Deductions and Exemptions</h1> Article 23 of the Double Taxation Avoidance Agreement (DTAA) between Romania and another Contracting State outlines the elimination of double taxation. It stipulates that if a resident of one Contracting State earns income taxable in the other Contracting State, the former must allow a deduction equivalent to the tax paid in the latter. This deduction cannot exceed the portion of the income tax attributable to the income taxed in the other State. Additionally, if income is exempt from tax in one State, that State may still consider the exempted income when calculating tax on the remaining income.
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