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Untd A Emirates - Gambia Tax Treaty (2015, not yet in force) — Orbitax Tax Hub

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 25

Elimination of Double Taxation

(1) Income and gains derived by a resident of a Contracting State which may be taxed in the other Contracting State shall be dealt with as follows:

  • (a) In the case of the Government of the Republic of the Gambia when a resident of a Contracting State derives income which has suffered tax in the other Contracting State, the first-mentioned State shall allow a deduction (“foreign tax credit”) from its tax on the income of that person equal to the tax paid in the Contracting State: provided that the deduction (“foreign tax credit”) shall not exceed that part of the tax as computed before the deduction is given, which is applicable to the income taxed in the other Contracting State.
  • (b) Nothing in this Article contained shall prevent the granting of such further relief as may be appropriate under the provisions of the law of either Contracting State in respect of any amount by which the tax in one of the States exceeds the credit allowed on its account in the other State in accordance with the provisions of this Article.

(2) In the case of the United Arab Emirates, where a resident of the UAE derives income or gains, which in accordance with the provisions of this Agreement may be taxed in the other State, the UAE shall exempt such income and gains from tax.