Article XI

1. Paragraph 1 of Article 23 (Elimination of double taxation), as renumbered, of the Convention shall be deleted and replaced by the following:

"1. In the case of Russia, double taxation shall be eliminated as follows:

Where a resident of Russia receives income or owns capital which according to the provisions of this Convention may be taxed in Sweden, the amount of tax on such income or capital due to be paid in Sweden shall be deducted from the tax levied on the income or capital of such a person in Russia. Such deduction shall not, however, exceed the amount of the tax calculated in respect of such income or capital in accordance with the laws and rules of Russia."

2. The following new subparagraph (d) of paragraph 2 of Article 23 (Elimination of double taxation), as renumbered, of the Convention shall be inserted:

"(d) Where a resident of Sweden owns capital which, in accordance with the provisions of this Convention, may be taxed in Russia, Sweden shall allow as a deduction from the tax on the capital of that resident an amount equal to the capital tax paid in Russia. Such deduction shall not, however, exceed that part of the Swedish capital tax, as computed before the deduction is given, which is attributable to the capital which may be taxed in Russia."

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