Document ID: chunk:federal_register_of_legislation:C2004A02224:body:0:p28
Version: federal_register_of_legislation:C2004A02224
Segment Type: other
Provision Reference: 
Character Range: 66370–69186

under the provisions of special agreements.
ARTICLE 28
Miscellaneous
If, under any Agreement or Convention concluded by the Philippines, a resident of any other country is exempt from—
     (a) the Philippine income tax on gross billings relating to the operation of aircraft in international traffic; or
     (b) the Philippine business tax on gross receipts relating to the operation of ships or aircraft in international traffic,
the Philippines will grant a corresponding exemption to residents of Australia and Australia will grant a corresponding exemption to residents of the Philippines.
Chapter VI
FINAL PROVISIONS
ARTICLE 29
Entry into Force
(1) This Agreement shall be ratified and the instruments of ratification shall be exchanged at Canberra, Australia as soon as possible.
(2) The Agreement shall enter into force upon the date of exchange of the instruments of ratification and its provisions shall have effect:
     (a) in Australia—
          (i) with respect to withholding tax on income that is derived by a non-resident, in relation to income derived on or after 1 January in the calendar year in which the exchange of instruments of ratification takes place;
          (ii) with respect to other Australian tax, in relation to income of any year of income beginning on or after 1 July in that calendar year;
     (b) in the Philippines—
          (i) in respect of tax withheld at the source on amounts paid to non-residents on or after the first day of January in the calendar year in which the exchange of instruments of ratification takes place; and
          (ii) in respect of other taxes for taxable years beginning on or after the first day of January in that calendar year.
ARTICLE 30
Termination
This Agreement shall continue in effect indefinitely but either Contracting State may, on or before June 30 in any calendar year after the fifth year following the exchange of the instruments of ratification, give to the other Contracting State, through the diplomatic channel, written notice, of termination and in such event the Agreement shall cease to have effect:
     (a) in Australia—
          (i) with respect to withholding tax on income that is derived by a non-resident, in relation to income derived on or after 1 January in the calendar year next following that in which the written notice of termination takes place;
          (ii) with respect to other Australian tax, in relation to income of any year of income beginning on or after 1 July in the next following calendar year;
     (b) in the Philippines—
          (i) in respect of tax withheld at the source on amounts paid to non-residents on or after the first day of January in the calendar year next following that in which the written notice of termination takes place; and
SCHEDULE 14—continued
          (ii) in