AUSTRALIAN TAX TREATIES

Italian Convention  

Italian Airline Profits Agreement  

CHAPTER VI - FINAL PROVISIONS  

ARTICLE 30   Termination  
This Convention shall remain in force until terminated by one of the Contracting States. Either Contracting State may terminate the Convention, through the diplomatic channel, not earlier than five years after its entry into force by giving notice of termination at least six months before the end of the calendar year. In such event, the Convention shall cease to be effective -


(a) in Australia -


(i) in respect of withholding tax on income that is derived by a non-resident, in respect of 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, for 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 Italy -
in respect of income assessable for taxable periods beginning on or after 1 July in the calendar year next following that in which the notice of termination is given.

IN WITNESS WHEREOF the undersigned, duly authorised thereto, have signed the present Convention.

Done in duplicate at Canberra the fourteenth day of December 1982 in the English and Italian languages, both texts being equally authoritative.


FOR THE GOVERNMENT OF
AUSTRALIA:
FOR THE GOVERNMENT OF
THE REPUBLIC OF ITALY
John Howard Sergio Angeletti


PROTOCOL

The Government of Australia and the Government of the Republic of Italy, at the signing of the Convention between the two Governments for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, have agreed upon the following provisions which shall form an integral part of the Convention:

It is understood that:




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