Australian Tax Treaties

United States Convention  

United States Protocol (No 1)  

ARTICLE 2  
Article 2 of the Convention is amended by omitting paragraph (1) and substituting:

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

(a) in the United States: the Federal income taxes imposed by the Internal Revenue Code; and

(b) in Australia:

(i) the Australian income tax, including tax on capital gains; and

(ii) the resource rent tax in respect of offshore projects relating to exploration for or exploitation of petroleum resources,

imposed under the federal law of Australia. "