Common use of LIMITATION OF RELIEF Clause in Contracts

LIMITATION OF RELIEF. 1. Where this Convention provides (with or without other conditions) that income from sources in Finland shall be exempt from tax, or taxed at a reduced rate, in Finland and under the laws in force in Singapore the said income is subject to tax by reference to the amount thereof which is remitted to or received in Singapore and not by reference to the full amount thereof, then the exemption or reduction of tax to be allowed under this Convention in Finland shall apply only to so much of the income as is remitted to or received in Singapore.

LIMITATION OF RELIEF. 1. Where this Convention Agreement provides (with or without other conditions) that income from sources in Finland shall be exempt from tax, or taxed at a reduced rate, in Finland and under the laws in force in Singapore the said income is subject to tax by reference to the amount thereof which is remitted to or received in Singapore and not by reference to the full amount thereof, then the exemption or reduction of tax to be allowed under this Convention Agreement in Finland shall apply only to so much of the income as is remitted to or received in Singapore.