Elimination of Double Taxation

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..... e MLI] [In both the Contracting States, double taxation will be avoided in the following manner: (a) 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, subject to the provisions of sub-paragraph (b) of this paragraph, exempt such income from tax but may, in c .....

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..... es 10, 11 and 12 of this Agreement may be taxed in the other State.] 3. [ REPLACED by paragraph 6 of Article 5 of the MLI ] [For the purposes of sub-paragraph (b) of paragraph 2, the term tax paid in the other Contracting State shall be deemed to include any amount which would have been payable as tax but for any relief by way of the deduction allowed in computing the taxable income or an exemptio .....

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..... the income tax paid in that other [Contracting State]; Such deduction shall not, however, exceed that part of the income tax, as computed before the deduction is given, which is attributable to the income which may be taxed in that other [Contracting State]. Where in accordance with any provision of [the Agreement] income derived by a resident of a [Contracting State] is exempt from tax in that [ .....

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