ARTICLE 23
Method for the Elimination of Double Taxation
(1) Where a resident of a Contracting State derives income which, in accordance with the provisions of this Agreement, may be taxed in the other Contracting State, the first-mentioned State shall allow as a deduction from the tax on the income of that resident, an amount equal to the income tax paid in that other Contracting State.
Such deduction shall not, however, exceed that part of the tax as computed before the deduction is given, which is attributable to the income.
(2) Where in accordance with any provision of the Agreement income derived by a resident of a Contracting State is exempted from tax in that State, such State may notwithstanding the exemption, in calculating the amount of tax on the remaining income of such resident, take into account the exempted income.