Double taxation relief: foreign tax credit and exemption with progression to prevent economic double taxation. A resident may obtain relief by a foreign tax credit: domestic tax is reduced by the income tax paid in the other Contracting State, but only up to the portion of domestic tax attributable to income taxable abroad. Alternatively, under the exemption with progression principle, income exempted domestically because it is taxable in the other State may be taken into account when calculating tax on the taxpayer's remaining income.
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: foreign tax credit and exemption with progression to prevent economic double taxation.
A resident may obtain relief by a foreign tax credit: domestic tax is reduced by the income tax paid in the other Contracting State, but only up to the portion of domestic tax attributable to income taxable abroad. Alternatively, under the exemption with progression principle, income exempted domestically because it is taxable in the other State may be taken into account when calculating tax on the taxpayer's remaining income.
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