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Syria - Iraq Tax Treaty (The Arab Economic Unity Council) (1973) — 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 21

Way of Avoidance of Tax Duality

(1) If a person residing in one of the contracting states derives income from one of the other contracting states, and such income in accordance with the provisions of the instant treaty is subject to taxes in the other contracting state, then the former state without prejudice to the provisions of paragraph 2 - must exempt such income from taxes.

However, the state may upon calculation of taxes on the remaining part of such person apply the rate of taxes which should be applied if the said income would not have been exempted in the above-stated manner.

(2) If a person residing in one of the contracting states derives income from one of the other contracting states, and such income in accordance with the provisions of Articles 9, 10 and 11 is subject to taxes in the other contracting state, then the former state must permit the deduction from taxes levied on the income of such person of an amount that is equal to the taxes paid by him in the other contracting state on condition that such deduction does not exceed the part of taxes related to the income derived from the other contracting state and calculated prior to permission of deduction.