Australian Tax Treaties

Sri Lankan Agreement

AGREEMENT BETWEEN AUSTRALIA AND THE DEMOCRATIC SOCIALIST REPUBLIC OF SRI LANKA FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME

ARTICLE 28 Termination
This Agreement shall continue in effect indefinitely, but either of the Contracting States may, on or before 30 June in any calendar year beginning after the expiration of 5 years from the date of its entry into force, give to the other Contracting State through the diplomatic channel written notice of termination and, in that event, this Agreement shall cease to be effective:

(a) in Australia:

(i) in respect of withholding tax on income that is derived by a non-resident, in relation to 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, in relation to income of 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 Sri Lanka:
in respect of income assessable for any year of assessment commencing on or after 1 April in the calendar year next following that in which the notice of termination is given.

[ CCH Note: NOTE ABOUT RECTIFICATION OF THE SRI LANKAN AGREEMENT

1. In an exchange of Notes dated 9 and 14 August 1990, the Government of Australia and the Government of the Democratic Socialist Republic of Sri Lanka agreed to regard the text of the English language alternate of the Sri Lankan agreement as rectified ab initio as follows:

In Article 3(1)(a), adding a line between the Coral Sea Islands Territory , and the passage of words beginning and includes any area and ending with the continental shelf ; in Article 3(1)(a)(vi), so that the passage of words becomes a part of Article 3(1)(a) and is no longer a part of Article 3(1)(a)(vi);

In Article 6(2), reducing the indent of the last sentence so that the sentence becomes part of Article 6(2) and is no longer a part of Article 6(2)(b);

In Article 15(2)(b) inserting the word and after State ; in the last line of the subparagraph; and

In Article 17(1) inserting a comma after the word theatrical .

2. These rectifications have been incorporated into the text of the copy of the agreement that is set out above.]

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