102It should be noted in that regard that, by virtue of Article 4(1) of Directive 90/435, a Member State which does not exempt profits received by a resident parent company from a subsidiary which is resident in another Member State must authorise that parent company to deduct from the amount of tax due the fraction of the tax paid by the subsidiary which relates to those profits and, if appropriate, the amount of the withholding tax levied by the Member State in which the subsidiary is resident, up to the limit of the amount of the corresponding domestic tax.
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