Publication: Magyar Közlöny
Issue: MK-2011-128 (Year: 2011, Number: 128)
Era: contemporary
Section: 2011. évi CXLV. törvény
Paragraph Index: 1122

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 Mexico, Hungary shall, subject to the provisions of subparagraph (b) and paragraph 3, exempt such income 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 Mexico, Hungary shall allow as a deduction from the tax on the income of that resident an amount equal to the tax paid in Mexico. 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 Mexico.

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