Publication: Magyar Közlöny
Issue: MK-2003-50 (Year: 2003, Number: 50)
Era: 1990-2004
Section: 
Paragraph Index: 111

1. In Yugoslavia, double taxation shall be eliminated as follows: Where a resident of Yugoslavia derives income or owns capital which, in accordance with the provisions of this 2003/50. szám Convention, may be taxed in Hungary, Yugoslavia shall allow: — as a deduction from the tax on the income of that resident, an amount equal to the income tax paid in Hungary; — 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.

Source: https://magyarkozlony.hu/hivatalos-lapok/828c005c90bc8f4ce4deb432475d51344b5b75b2/dokumentumok/1df56f24da5b92043ff4cd84676a129fde943e2e/letoltes