Publication: Magyar Közlöny
Issue: MK-2011-128 (Year: 2011, Number: 128)
Era: contemporary
Section: 2011. évi CXLIV. törvény
Paragraph Index: 826

(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 the United Kingdom, and is so taxed in the United Kingdom, Hungary shall, subject to the provisions of sub-paragraph (b) and paragraph (4), 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 the United Kingdom,Hungary shallallowasa deduction from the tax onthe incomeof that resident an amount equal to the tax paid in the United Kingdom. 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 the United Kingdom.

Source: https://magyarkozlony.hu/hivatalos-lapok/e5485bbe2b4799f35a054d9c427707c39671831b/dokumentumok/b22cbff19437bd824a6a45069abc926a3646e57f/letoltes