Paragraph 5 Wages, Salaries And Other Remuneration For Personal Services Payable By A Company Or Other Taxable Entity Which Is A Resident Of A Contracting State

In computing tax payable on its profits, there shall be allowed, to a company or other taxable entity which is resident of a Contracting State and which is wholly or partly owned by a resident or residents of the other Contracting State, a deduction for actual wages, salaries and other remuneration for personal services paid by the company or other entity and incurred for the purpose of its trade or business.