The Double Taxation Relief (Taxes on Income) (Taiwan) Order 2002

(2) In the case of the territory referred to in paragraph (3)(b) of Article 2 of this Agreement, double taxation shall be avoided as follows:

• Tax payable under the laws of the territory referred to in paragraph (3) (a) of Article 2 of this Agreement and in accordance with this Agreement (excluding in the case of a dividend, tax payable in respect of the profits out of which the dividend is paid) shall be allowed as a credit against the tax payable under the laws of the territory referred to in paragraph (3) (b) of Article 2 of this Agreement. The amount of credit, however, shall not exceed the amount of the tax referred to in paragraph (3) (b) of Article 2 of this Agreement on that income computed in accordance with its tax laws.