Publication: Magyar Közlöny
Issue: MK-2010-26 (Year: 2010, Number: 26)
Era: contemporary
Section: 2010. évi X. törvény
Paragraph Index: 242

2. In Armenia, double taxation shall be avoided as follows: (a) where a resident of Armenia derives income or owns capital which, in accordance with the provisions of this Agreement, may be taxed in Hungary, Armenia shall allow: (i) as a deduction from the tax on the income of that resident, an amount equal to the income tax paid in Hungary; (ii) as a deduction from the tax on the capital of that resident, an amount equal to the capital tax paid in Hungary. 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 Hungary. (b) Where in accordance with any provision of this Agreement, income derived or capital owned by a resident of Armenia is exempt from tax in Armenia, Armenia 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. Article 24 NON-DISCRIMINATION

Source: https://magyarkozlony.hu/hivatalos-lapok/923d0ebe05cdc2cdf29cd5187c1e19c844eabc37/dokumentumok/ec49a0936e11d913dcd71cc6550831100aad31c4/letoltes