Double taxation relief: credit method limits deduction to tax attributable to income taxable in the other state. A credit-based relief operates between the Contracting States: each State allows a deduction from domestic tax for income tax paid in the other State, limited to the portion of domestic tax attributable to the income taxable abroad; exempt income under the Agreement may be considered when calculating the rate of tax.
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Provisions expressly mentioned in the judgment/order text.
Double taxation relief: credit method limits deduction to tax attributable to income taxable in the other state.
A credit-based relief operates between the Contracting States: each State allows a deduction from domestic tax for income tax paid in the other State, limited to the portion of domestic tax attributable to the income taxable abroad; exempt income under the Agreement may be considered when calculating the rate of tax.
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