Australian Double Tax Agreement

(b) another provision of the agreement expressly excludes certain licence fees (with the exception of royalties) from the scope of the basic provision for royalties; Subject to this Act, the provisions of the Agreement, in so far as those provisions relate to Australian tax, shall, on the day and after the date of entry into force of the Profits Agreement, have legal force for Chinese airlines in respect of income tax levied on or after 1 July 1984 and for which the Agreement remains in effect. Malaysian Protocol (No 3) means the Protocol amending the Malaysian Agreement as amended by Malaysian Protocol (No 1) and Malaysian Protocol (No 2)) which was concluded in Canberra on 24 February 2010. The Double Taxation Convention (DBA) between Singapore and Australia first entered into force in 1969. The second protocol was signed on 8 September 2009 and entered into force on 22 December 2010. This agreement eliminates double taxation of income between Singapore and Australia and reduces the overall tax burden on citizens of both countries. 2. For the purposes of this Act and the Taxation Act, a reference to an agreement on the profits of an activity or undertaking in relation to Australian tax shall, where the context permits, be interpreted as a reference to taxable income from that activity or undertaking. (a) an agreement that, under this Act, has the force of law; or (2A) After the commencement of this Subsection, a reference in an agreement to income from shares or income from other profit-making rights does not refer to a return on interest on debt (as defined in subsection 974-B of the Income Tax Assessment Act 1997). 1. Where a subsequent agreement applicable under the International Tax Agreements Act 1953 in the jurisdiction where the tax legislation administered by the Australian Tax Office applies contains an article on non-discrimination, the Parties to this Annex shall enter into negotiations with a view to ensuring the same treatment as provided for in the Article on Non-Discrimination; (3) For the purposes of this Act, a reference in the Japan Agreement, 1969, to an area adjacent to Australia, in accordance with the Second Schedule of the Petroleum (Submerged Lands) Act 1967-1968, contains a reference to an area adjacent to Australia, in accordance with Schedule 1 to the Offshore Oil and Natural Gas Act 2006.

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