Common use of METHODS FOR THE ELIMINATION OF DOUBLE TAXATION Clause in Contracts

METHODS FOR THE ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State derives income which, in accordance with the provisions of this Convention, may be taxed in the other Contracting State, the first Contracting State shall allow as a deduction from the tax on the income of that resident, an amount equal to the income tax paid in the other Contracting State. The deduction shall not, however, exceed that part of the income tax as computed before the deduction is given, which is appropriate to the income which may be taxed in the other Contracting State.

METHODS FOR THE ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State derives income which, in accordance with the provisions of this Convention, Convention may be taxed in the other Contracting State, the first Contracting mentioned State shall allow as a deduction from the tax on the income of that resident, resident an amount equal to the income tax paid in the that other Contracting State. The Such deduction shall not, however, exceed that part of the income tax as computed before the deduction is given, which is appropriate attributable, as the case may be, to the income which may be taxed in the that other Contracting State.

METHODS FOR THE ELIMINATION OF DOUBLE TAXATION. 1. Where Subject to the provisions of paragraphs 3 and 4, where a resident of a Contracting State derives income which, in accordance with the provisions of this Convention, Convention may be taxed in the other Contracting State, the first Contracting first-mentioned State shall allow as a deduction from the tax on the income of that resident, resident an amount equal to the income tax paid in the that other Contracting State. The Such deduction shall not, however, exceed that part of the income tax tax, as computed before the deduction is given, which is appropriate attributable to the income which may be taxed in the that other Contracting State.

METHODS FOR THE ELIMINATION OF DOUBLE TAXATION. 1. Where Subject to the provisions of paragraphs 3 and 4, where a resident of a Contracting State derives income which, in accordance with the provisions of this Convention, may be taxed in the other Contracting State, the first Contracting first-mentioned State shall allow as a deduction from the tax on the income of that resident, resident an amount equal to the income tax paid in the that other Contracting State. The Such deduction shall not, however, exceed that part of the income tax tax, as computed before the deduction is given, which is appropriate attributable to the income which may be taxed in the that other Contracting State.

METHODS FOR THE ELIMINATION OF DOUBLE TAXATION. 1. Where Subject to the provisions of paragraphs 3 and 4, where a resident of a Contracting State derives income which, in accordance with the provisions of this Convention, Convention may be taxed in the other Contracting State, the first Contracting first- mentioned State shall allow as a deduction from the tax on the income of that resident, resident an amount equal to the income tax paid in the that other Contracting State. The Such deduction shall not, however, exceed that part of the income tax tax, as computed before the deduction is given, which is appropriate attributable to the income which may be taxed in the that other Contracting State.

METHODS FOR THE ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a one Contracting State derives income whichfrom the other Contracting State, the amount of tax on the income payable in the other Contracting State in accordance with the provisions of this Convention, Agreement may be taxed in the other Contracting State, the first Contracting State shall allow as a deduction from credited against the tax imposed by the first-mentioned State on the income of that resident, an amount equal to the income tax paid in the other Contracting State. The deduction shall notamount of the credit, however, shall not exceed that part the amount of the tax imposed by the first-mentioned State on that income tax as computed before in accordance with the deduction is given, which is appropriate to taxation laws and regulations of the income which may be taxed in the other Contracting State.