Document ID: chunk:federal_register_of_legislation:C2004A04052:schedule:29:p22
Version: federal_register_of_legislation:C2004A04052
Segment Type: schedule
Provision Reference: sch 29 (pt 22/64)
Character Range: 55750–58640

and, in that event, this Agreement shall cease to be effective:

  (a) in Australia:

         (i) in respect of withholding tax on income that is derived by a non-resident, in relation to income derived on or after 1 July in the calendar year next following that in which the notice of termination is given;

         (ii) in respect of other Australian tax, in relation to income of any year of income beginning on or after 1 July in the calendar year next following that in which the notice of termination is given;

  (b) in China:

     in relation to income of any taxable year beginning on or after 1 January next following that in which the notice of termination is given.

SCHEDULE 1—continued

IN WITNESS WHEREOF the undersigned, duly authorised thereto, have signed this Agreement.

DONE in duplicate at Canberra this 17th day of November One thousand nine hundred and eighty-eight in the English and Chinese languages, both texts being equally authentic.
P. J. KEATING          QIAN QICHEN
FOR THE GOVERNMENT OF  FOR THE GOVERNMENT OF
AUSTRALIA              THE PEOPLE'S REPUBLIC
                       OF CHINA".

                      SCHEDULE 2 Section 9

SCHEDULES TO BE ADDED AT THE END OF THE INCOME TAX (INTERNATIONAL AGREEMENTS) ACT 1953

                      "SCHEDULE 31 Section 3

AGREEMENT
BETWEEN
AUSTRALIA
AND
THE DEMOCRATIC SOCIALIST REPUBLIC OF SRI LANKA
FOR
THE AVOIDANCE OF DOUBLE TAXATION
AND
THE PREVENTION OF FISCAL EVASION
WITH RESPECT TO TAXES ON INCOME

Australia and the Democratic Socialist Republic of Sri Lanka, Desiring to conclude an Agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income,

Have agreed as follows:

ARTICLE 1

Personal Scope

This Agreement shall apply to persons who are residents of one or both of the Contracting States.

ARTICLE 2

Taxes Covered

(1) The existing taxes to which this Agreement shall apply are:

  (a) in Australia:

         (i) the income tax; and

         (ii) the tax in respect of profits from offshore petroleum projects,

     imposed under the federal law of the Commonwealth of Australia;

  (b) in Sri Lanka:

SCHEDULE 2—continued

     the income tax, including the income tax based on the turnover of enterprises licensed by the Greater Colombo Economic Commission.

(2) This Agreement shall also apply to any identical or substantially similar taxes which are imposed under the federal law of the Commonwealth of Australia or the law of the Democratic Socialist Republic of Sri Lanka after the date of signature of this Agreement in addition to, or in place of, the existing taxes. The competent authorities of the Contracting States shall notify each other of any substantial changes which have been made in the laws of their respective States relating to the taxes to which this Agreement applies.

ARTICLE 3

General Definitions