AUSTRALIAN TAX TREATIES
This Agreement shall apply to the following existing taxes on income:
(a) in Romania:
(i) the tax on income derived by individuals;
(ii) the tax on profit;
(iii) the tax on salaries and other similar remuneration;
(iv) the tax on dividends; and
(v) the tax on agricultural income;
(b) in Australia:
(i) the income tax; and
imposed under the federal law of Australia. 2
(ii) the resource rent tax in respect of offshore projects relating to exploration for or exploitation of petroleum resources,
This Agreement shall also apply to any identical or substantially similar taxes which are imposed under the federal law of Australia or the law of Romania 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 within a reasonable period of time after those changes.
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