Publication: Magyar Közlöny
Issue: MK-2008-178 (Year: 2008, Number: 178)
Era: 2004-2010
Section: 
Paragraph Index: 331

2. In Hungary double taxation shall be eliminated as follows: (a) Where a resident of Hungary derives income or owns capital which, in accordance with the provisions of this 2008/178. szám Convention may be taxed in Azerbaijan, Hungary shall, subject to the provisions of subparagraph (b) and paragraph 3, exempt such income or capital from tax. (b) Where a resident of Hungary derives items of income which, in accordance with the provisions of Articles 10, 11 and 12 may be taxed in Azerbaijan, Hungary shall allow as a deduction from the tax on the income of that resident an amount equal to the tax paid in Azerbaijan. 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 Azerbaijan.

Source: https://magyarkozlony.hu/hivatalos-lapok/3fc0ad87be38a5f2a24d49c506dea77d754bdd33/dokumentumok/dbc47fc4a0312a44919ed8a9622e330645eb85ed/letoltes