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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.


Elimination of Double Taxation

(1) Where a resident of a Contracting State derives income which, in accordance with the provisions of this Convention may be taxed in the other Contracting State, the first mentioned State shall grant on the tax charged on income of that resident, a deduction of an amount equal to the income tax paid in that other State. This deduction may, however, not exceed the portion of income tax, calculated prior to the deduction, corresponding to income taxable in that other State.

(2) Where in accordance with any provision of this Convention, income derived by a resident of a Contracting State is exempt from tax in that State; the latter may nevertheless, in calculating the amount of tax on the remaining income of such resident, take into account the exempted income.