Tax credits protect residents from double taxation by allowing domestic tax deductions for foreign taxes paid. Tax credits eliminate double taxation by requiring a resident's State to allow a deduction from its tax equal to tax paid in the other Contracting State, limited so the deduction does not exceed the domestic tax attributable to the income taxed abroad; additional relief may be provided under domestic law where tax in either State exceeds the treaty credit.
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.
Tax credits protect residents from double taxation by allowing domestic tax deductions for foreign taxes paid.
Tax credits eliminate double taxation by requiring a resident's State to allow a deduction from its tax equal to tax paid in the other Contracting State, limited so the deduction does not exceed the domestic tax attributable to the income taxed abroad; additional relief may be provided under domestic law where tax in either State exceeds the treaty credit.
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