#unmdtc Article 23B - Credit method
Resource Books » Global Resources - #isic9900 #ww88U » United Nations Model Double Taxation Convention » #unmdtc Article 23B - Credit method
<<

>>


1. Where a resident of a Contracting State derives income or owns capital which may be taxed in the other Contracting State, in accordance with the provisions of this Convention (except to the extent that these provisions allow taxation by that other State solely because the income is also income derived by a resident of that State or because the capital is also capital owned by a resident of that State), the first-mentioned State shall allow:

(a) as a deduction from the tax on the income of that resident an amount equal to the income tax paid in that other State;
(b) as a deduction from the tax on the capital of that resident, an amount equal to the capital tax paid in that other State. Such deduction in either case shall not, however, exceed that part of the income tax or capital tax, as computed before the deduction is given, which is attributable, as the case may be, to the income or the capital which may be taxed in that other State.

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


Discover global instrument articles that deal with a topic via the Tag cloud with terms in articles of international instruments:

abilities-and-financial-capacities abortion abuse abuse-or-neglect-of-the-child academia “accelerators” acceptance access-and-opportunities accessibility accessibility-and-use accessible accessible-data-solutions accessible-technology accession accessions accession-to-the-world-trade-organisation-(wto) access-to-education access-to-information access-to-internet access-to-technology access-to-tools accommodation accountability accountability-in-global-partnership accountability-of-states accountability-sub-national accountability-to-affected-populations accountable-institutions accountants accounting accra-agenda-for-action accreditation achieve-gender-equality acid-throwing action action-oriented-agenda action-relating-to-debt active-participation-in-domestic adapt adaptation

Look up the sustainable development target for a topic via the Tag cloud for sustainable development targets

10yfp access access-to-ict access-to-internet access-to-land access-to-market-information accountable-institutions accounts achieve-income-growth adaptation adaptation-to-climate-change adaptive adequate-housing adolescent-girls adopt-investment adults affordable-access-to-internet affordable-drinking-water affordable-energy affordable-housing afforestation age agricultural-export-subsidies agricultural-extension-services agricultural-research agriculture aid-for-trade aids air air-pollution air-quality alcohol alien-species all-forms-of-violence appropriate-access aquaculture aquifers banking-services basic-services benefit-sharing

The #tagcoding hashtag for #unmdtc Article 23B - Credit method in your country

Select a continent's tab for country ISO 3166 codes to localize the #unmdtc Article 23B - Credit method coding hashtag!

Visit #WWlgu codes for local news incl. progress on climate change (#SDG13) for local government unit (lgu) localization.

#fightingUntruthsOnline about #unmdtc Article 23B - Credit method

Add the untruth-postfixes to the hashtag:

#unmdtc23b_M : Misinformation about #unmdtc Article 23B - Credit method
#unmdtc23b_C : Conceptual deception about #unmdtc Article 23B - Credit method
#unmdtc23b_D : Disinformation about #unmdtc Article 23B - Credit method
#unmdtc23b_F : Fake news about #unmdtc Article 23B - Credit method
#unmdtc23b_P : Propaganda about #unmdtc Article 23B - Credit method
#unmdtc23b_S : Satire about #unmdtc Article 23B - Credit method

capitalcontracting-stateconventioncredit-methodincomeresidenttax