background image

Untd A Emirates - Iraq Tax Treaty (2017, 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 24

Avoidance of Double Taxation

(1) The tax laws in force in either of the two Contracting States shall apply to the extent that they are not inconsistent with the provisions of this Convention.

(2) Double taxation shall be avoided in accordance with the tax laws in force in either of the two Contracting States, taking into account the general principles of avoidance of double taxation.

(3) If a resident in a Contracting State receives income or Capital that may be taxed in the other Contracting State in accordance with the provisions of this Convention; the first-mentioned Contracting State shall offer a tax discount equals the tax paid to the other Contracting State provided that such discount shall not exceed the income tax or capital tax identified by the other Contracting State before the discount.

(4) For the purposes of deduction from income tax or capital tax imposed in a Contracting State, the tax paid in the other Contracting State shall include tax payable in that other Contracting State but which is exempt or reduced under the laws of that Contracting State.