Australian Tax Treaties

Philippine Agreement  

AGREEMENT BETWEEN THE GOVERNMENT OF AUSTRALIA AND THE GOVERNMENT OF THE REPUBLIC OF THE PHILIPPINES FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME  

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.