Australian Tax Treaties

Israeli Convention  

CONVENTION BETWEEN THE GOVERNMENT OF AUSTRALIA AND THE GOVERNMENT OF THE STATE OF ISRAEL FOR THE ELIMINATION OF DOUBLE TAXATION WITH RESPECT TO TAXES ON INCOME AND THE PREVENTION OF TAX EVASION AND AVOIDANCE  

CHAPTER I - SCOPE OF THE CONVENTION  

ARTICLE 2   Taxes Covered  

1.    
This Convention shall apply to taxes on income imposed on behalf of a Contracting State irrespective of the manner in which they are levied.

2.    
There shall be regarded as taxes on income all taxes imposed on total income, or on elements of income, including taxes on gains from the alienation of movable or immovable property, taxes on the total amounts of wages or salaries paid by enterprises, as well as taxes on capital appreciation.

3.    
The existing taxes to which this Convention shall apply are in particular:

a) in Israel:

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

ii) the tax imposed on gains from the alienation of property according to the Real Estate Taxation Law; and

iii) the tax imposed under the Petroleum Profits Taxation Law,

(hereinafter referred to as " Israeli tax " );

b) in Australia:

i) the income tax;

ii) resource rent taxes; and

iii) the fringe benefits tax,

imposed under the federal law of Australia
(hereinafter referred to as " Australian tax " ).

4.    
The Convention shall apply also to any identical or substantially similar taxes that are imposed under the federal law of Australia or the law of Israel after the date of signature of the Convention in addition to, or in place of, the existing taxes. The competent authorities of the Contracting States shall notify each other of any significant changes that have been made in their taxation laws.