ARTICLE 22
Exemption Method
(1) Where a resident of a Contracting State derives income from the other Contracting State that, in accordance with the provisions of this Convention, may be taxed in that State, then the first-mentioned State shall, subject to the provisions of paragraph 2, exempt such income from tax. However, when calculating the amount of tax on the remaining portion of the income of that resident, the first-mentioned Contracting State shall apply that rate of tax which would have been applicable if the exempted income had not been so exempted.
(2) Where a person being a resident of a Contracting State derives income from the other Contracting State and that income, in accordance with the provisions of Article 10 may be taxed in that other Contracting State, then the first-mentioned Contracting State shall allow as a deduction from the tax of that resident, an amount equal to the tax on income or the tax on capital paid in that other Contracting State. However, such deduction shall not exceed that part of the tax as computed before the deduction is given.