Elimination of double taxation: tax credit and deduction rules prevent double taxation on cross-border income and capital. Article 25 provides for elimination of double taxation by allowing residents to deduct from domestic tax the income-tax or capital tax paid in the other Contracting State attributable to income or capital taxable there; Spain's parallel relief includes an additional adjustment for dividends from Indian companies to substantial Spanish shareholders and permits taking exempted income or capital into account, while specified Indian exemptions are treated as deemed income-tax paid for a transitional period subject to consultation between competent authorities.
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.
Elimination of double taxation: tax credit and deduction rules prevent double taxation on cross-border income and capital.
Article 25 provides for elimination of double taxation by allowing residents to deduct from domestic tax the income-tax or capital tax paid in the other Contracting State attributable to income or capital taxable there; Spain's parallel relief includes an additional adjustment for dividends from Indian companies to substantial Spanish shareholders and permits taking exempted income or capital into account, while specified Indian exemptions are treated as deemed income-tax paid for a transitional period subject to consultation between competent authorities.
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