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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 23

Elimination of Double Taxation

(1) Where a resident of the United Arab Emirates derives income which in accordance with the provisions of this Agreement may be taxed in New Zealand, 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 New Zealand. Such deduction shall not, however, exceed that part of the income tax, as computed before the deduction is given, which is attributable to the income which may be taxed in New Zealand.

(2) Subject to the provisions of the laws of New Zealand from time to time in force which relate to the allowance of a credit against New Zealand income tax of tax paid in a country outside New Zealand (which shall not affect the general principle of this Article), United Arab Emirates tax paid under the laws of the United Arab Emirates and consistently with this Agreement, whether directly or by deduction, in respect of income derived by a resident of New Zealand from sources in the United Arab Emirates (excluding, in the case of a dividend, tax paid in respect of the profits out of which the dividend is paid) shall be allowed as a credit against New Zealand tax payable in respect of that income.