Elimination of double taxation: domestic tax relief by foreign tax deduction or exemption-based computation of remaining income tax. Where a resident's income may be taxed in the other Contracting State, the resident's State shall grant a deduction from domestic tax equal to the tax ... Summary
Elimination of double taxation: domestic tax relief by foreign tax deduction or exemption-based computation of remaining income tax.
Where a resident's income may be taxed in the other Contracting State, the resident's State shall grant a deduction from domestic tax equal to the tax paid abroad, limited to the portion of domestic tax attributable to that foreign-taxed income; where income is exempt at residence under the Agreement, the State of residence may nevertheless take into account that exempt income when computing tax on the resident's remaining taxable income.
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