Credit method: domestic tax relief by foreign tax paid, limited to the tax attributable to cross-border income or capital. Article 23B applies the credit method: the residence State deducts from the resident's tax an amount equal to foreign income tax or capital tax paid, limited to the portion of domestic tax attributable to the income or capital taxed abroad. Where income or capital is exempt in the residence State under the Convention, that exempted amount may nevertheless be taken into account in computing tax on the resident's remaining income or capital.
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.
Credit method: domestic tax relief by foreign tax paid, limited to the tax attributable to cross-border income or capital.
Article 23B applies the credit method: the residence State deducts from the resident's tax an amount equal to foreign income tax or capital tax paid, limited to the portion of domestic tax attributable to the income or capital taxed abroad. Where income or capital is exempt in the residence State under the Convention, that exempted amount may nevertheless be taken into account in computing tax on the resident's remaining income or capital.
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