Note: This Treaty may be impacted by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI). MLI impact on Tax Treaties is available with the Orbitax International Tax Research & Compliance Expert.
ARTICLE 24
Methods of Elimination of Double Taxation
*(1) In the case of Austria, double taxation shall be eliminated as follows:
- Where a resident of Austria derives income which, in accordance with the provisions of this Convention, may be taxed in the United Arab Emirates, Austria shall allow as a deduction from the tax on the income of that resident an amount equal to the tax paid in the United Arab Emirates.
- Such deduction shall not, however, exceed that part of the tax, as computed before the deduction is given, which is attributable to the income which may be taxed in the United Arab Emirates.
(2) in the case of the United Arab Emirates, double taxation shall be eliminated as follows:
- Where a resident of the United Arab Emirates derives income which in accordance with the provisions of this Convention may be taxed in Austria, the United Arab Emirates shall allow as a deduction from tax on income of that person an amount equal to the tax on income paid in Austria. Such deduction shall not, however, exceed that part of income tax, as computed before the deduction is given, which is attributable to the income which may be taxed in Austria.
(3) Where in accordance with any provision of the Convention income derived by a resident of a Contracting State is exempt from tax in that State, such state may nevertheless, in calculating the amount of tax on the remaining income of such resident, take into account the exempted income.