Publication: Magyar Közlöny
Issue: MK-2011-75 (Year: 2011, Number: 75)
Era: contemporary
Section: 2011. évi LXXXIII. törvény
Paragraph Index: 191

1. In Hungary double taxation shall be eliminated as follows: (a) Where a resident of Hungary derives income which, in accordance with the provisions of this Convention may be taxed in Denmark, Hungary shall, subject to the provisions of subparagraph (b) and subparagraph (c), exempt such income from tax. (b) Where a resident of Hungary derives items of income which, in accordance with the provisions of Article 10, may be taxed in Denmark, Hungary shall allow as a deduction from the tax on the income of that resident an amount equal to the tax paid in Denmark. Such deduction shall not, however, exceed that part of the tax, as computed before the deduction is given which is attributable to such items of income derived from Denmark. (c) Where in accordance with any provision of the Convention income derived by a resident of Hungary is exempt from tax in Hungary, Hungary may nevertheless,in calculatingthe amount of tax onthe remainingincomeof such resident, take into account the exempted income. (d) The provisions of subparagraph (a) shall not apply to income derived by a resident of Hungary where Denmark applies the provisions of this Convention to exempt such income from tax or applies the provisions of paragraph 2 of Article 10 to such income.

Source: https://magyarkozlony.hu/hivatalos-lapok/e28b93f48eeefbd42f7cf6bf52ec7292218bc1a0/dokumentumok/001a14bd593e7f41e8750ff8eb4adfad2b55c36b/letoltes