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

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State derives income from the other Contracting State, the amount of tax on that income payable in that other State in accordance with the provisions of this Agreement, may be credited against the tax levied in the first-mentioned State on that resident. The amount of credit, however, shall not exceed the amount of the tax of the first-mentioned State on that income computed in accordance with its taxation laws and regulations.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State derives income from the other Contracting Statewhich, the amount of tax on that income payable in that other State in accordance with the provisions of this AgreementConvention, may be credited against taxed in the other Contracting State, the first mentioned State shall allow, as a tax credit from the tax levied in on the first-mentioned State on income of that resident. The , an amount of credit, however, shall not exceed equal to the amount of the income tax of the first-mentioned State on paid in that income computed in accordance with its taxation laws and regulations.other State;

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State derives income from the other Contracting Statewhich, the amount of tax on that income payable in that other State in accordance with the provisions of this Agreement, may be credited against taxed in the other Contracting State, the first- mentioned State shall allow as a deduction from the tax levied in on the first-mentioned State on income of that resident, an amount equal to the income tax paid in that other State. The amount of creditSuch deduction shall not, however, shall not exceed the amount that part of the tax of income tax, as computed before the first-mentioned State on deduction is given, which is attributable to the income which may be taxed in that income computed in accordance with its taxation laws and regulationsother State.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State derives income from the other Contracting Statewhich, the amount of tax on that income payable in that other State in accordance with the provisions of this AgreementConvention, may be credited against taxed in the other Contracting State, the first- mentioned State shall allow as a deduction from the tax levied in on the first-mentioned State on income of that resident, an amount equal to the income tax paid in that other State. The amount of creditSuch deduction shall not, however, shall not exceed the amount that part of the tax of income tax, as computed before the first-mentioned State on deduction is given, which is attributable to the income which may be taxed in that income computed in accordance with its taxation laws and regulationsother State.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State derives income from the other Contracting Statewhich, the amount of tax on that income payable in that other State in accordance with the provisions of this Agreement, may be credited against taxed in the tax levied in other Contracting State, the first-mentioned State shall allow as a deduction from the tax on the income of that resident, an amount equal to the income tax paid in that other State. The amount of creditSuch deduction shall not, however, shall not exceed the amount that part of the tax of income tax, as computed before the first-mentioned State on deduction is given, which is attributable to the income which may be taxed in that income computed in accordance with its taxation laws and regulationsother State.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State derives income from the other Contracting Statewhich, the amount of tax on that income payable in that other State in accordance with the provisions of this AgreementConvention, may be credited against taxed in the other Contracting State, then the first mentioned State shall allow as a deduction from the tax levied on the income of that resident, an amount equal to the tax paid in the first-mentioned State on that resident. The amount of creditother Contracting State; Such deduction shall not, however, shall not exceed the amount that part of the tax of as computed before the first-mentioned State on that deduction is given, which is attributable to the income computed which may be taxed in accordance with its taxation laws and regulationsthe other Contracting State.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State derives income from the other Contracting Statewhich, the amount of tax on that income payable in that other State in accordance with the provisions of this Agreement, may be credited against taxed in the tax levied in other Contracting State, the first-mentioned State shall allow as a deduction from the tax on the income of that resident, an amount equal to the income tax paid in that other State. The amount of creditSuch deduction shall not, however, shall not exceed the amount that part of the tax tax, as computed before the deduction is given, which is attributable to such items of the first-mentioned State on income derived from that income computed in accordance with its taxation laws and regulationsother State.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State derives income from the other Contracting Statewhich, the amount of tax on that income payable in that other State in accordance with the provisions of this AgreementConvention, may be credited against taxed in the other Contracting State, the first mentioned Contracting State shall allow as a deduction from the tax levied in on the first-mentioned State on income of that resident, an amount equal to the income tax paid in that other Contracting State. The amount of creditSuch deduction shall not, however, shall not exceed the amount that part of the tax of income tax, as computed before the first-mentioned State on deduction is given, which is attributable to the income which may be taxed in that income computed in accordance with its taxation laws and regulationsother Contracting State.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State derives income from the other Contracting Statewhich, the amount of tax on that income payable in that other State in accordance with the provisions of this Agreement, may be credited against taxed in the other Contracting State, then the first mentioned State shall allow as a deduction from the tax levied on the income of that resident, an amount equal to the income tax paid in the first-mentioned State on that resident. The amount of creditother Contracting State; Such deduction shall not, however, shall not exceed the amount that part of the tax of income tax, as computed before the first-mentioned State on that deduction is given, which is attributable, as the case may be, to the income computed which may be taxed in accordance with its taxation laws and regulationsthe other Contracting State.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where If a resident of a Contracting State derives receives income from or owns property in the other Contracting State which, in accordance with the provisions of this Convention, may be taxed in that other State, the amount of tax on that this income payable or capital paid in that other State in accordance with the provisions of this Agreement, may shall be credited against deducted from the tax levied imposed on such resident with respect to such income or capital in the first-mentioned State on that residentState. The amount of creditHowever, however, this deduction shall not exceed the amount of the tax of the first-mentioned first State on that such income computed in accordance with or capital, calculated according to its taxation tax laws and regulations.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State States derives income from income, profits or gains which, in accordance with this Agreement may be taxed in the other Contracting State, the amount of first-mentioned Contracting State shall allow as a deduction from tax on the income, profits or gains of that income payable resident an amount equal to the tax paid in that other State in accordance with the provisions of this Agreement, may be credited against the tax levied in the first-mentioned State on that residentContracting State. The amount of creditdeduction, however, shall not exceed the amount of the tax payable on that income, profits or gains computed in accordance with the taxation laws and regulations of the first-mentioned State on that income computed in accordance with its taxation laws and regulationsContracting State.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. ) Where a resident of a Contracting State derives income from the other Contracting Statewhich , the amount of tax on that income payable in that other State in accordance with the provisions of this Agreement, Convention may be credited against taxed in the other Contracting State , the first State deducted from the tax levied it levies on the income of that resident an amount equal to the income tax paid in the first-mentioned State on that residentother state. The However, the amount of credit, however, deducted shall not exceed the amount portion of the income tax of as computed before the first-mentioned State on that deduction corresponding to the income computed in accordance with its taxation laws and regulationsreceived from the other state.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State derives income from the other Contracting Statewhich, the amount of tax on that income payable in that other State in accordance with the provisions of this AgreementConvention, may be credited against taxed in the tax levied in other Contracting State, the first-mentioned State shall allow as a deduction from the tax on the income of that resident, an amount equal to the income tax paid in that other State. The amount of creditSuch deduction shall not, however, shall not exceed the amount that part of the tax of income tax, as computed before the first-mentioned State on deduction is given, which is attributable to the income which may be taxed in that income computed in accordance with its taxation laws and regulationsother State.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State derives income from the other Contracting Statewhich, the amount of tax on that income payable in that other State in accordance with the provisions of this Agreement, Convention may be credited against taxed in the tax levied in other Contracting State, the first-mentioned State shall allow as a deduction from the tax on the income of that residentresident an amount equal to the income tax paid in that other State. The amount of creditSuch deduction shall not, however, shall not exceed the amount that part of the income tax of as computed before the first-mentioned State on deduction is given, which is attributable to the income which may be taxed in that income computed in accordance with its taxation laws and regulationsother State.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. 01 Where a resident of a Contracting State derives income from the other Contracting Statewhich, the amount of tax on that income payable in that other State in accordance with the provisions of this AgreementConvention, may be credited against taxed in the other Contracting State, then the first mentioned State shall allow as a deduction from the tax levied on the income of that resident, an amount equal to the income tax paid in the first-mentioned State on that resident. The amount of creditother Contracting State; Such deduction shall not, however, shall not exceed the amount that part of the tax of income tax, as computed before the first-mentioned State on that deduction is given, which is attributable, as the case may be, to the income computed which may be taxed in accordance with its taxation laws and regulationsthe other Contracting State.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. Double taxation shall be eliminated as follows - 1. Where a resident of a Contracting State derives income from the other Contracting Statewhich, the amount of tax on that income payable in that other State in accordance with the provisions of this AgreementConvention, may be credited against taxed in the tax levied in other Contracting State, the first-mentioned Contracting State shall allow as a deduction from the tax on the income of that resident, an amount equal to the tax paid in the other Contracting State. The amount of creditSuch deduction shall not, however, shall not exceed the amount that portion of the tax of as computed before the first-mentioned State on that deduction is given, which is attributable, as the case may be, to the income computed which may be taxed in accordance with its taxation laws and regulationsthe other Contracting State.

METHODS FOR ELIMINATION OF DOUBLE TAXATION. 1. Where a resident of a Contracting State derives income from the other Contracting Statewhich, the amount of tax on that income payable in that other State in accordance with the provisions of this AgreementConvention, may be credited against taxed in the tax levied in other Contracting State, the first-mentioned State shall allow as a deduction from the tax on the income of that residentresident an amount equal to the income tax paid in that other State. The amount of creditSuch deduction shall not, however, shall not exceed the amount that part of the tax of income tax, as computed before the first-mentioned State on deduction is given, which is attributable to the income which may be taxed in that income computed in accordance with its taxation laws and regulationsother State.