{"id":339,"date":"2025-09-30T08:08:19","date_gmt":"2025-09-30T08:08:19","guid":{"rendered":"https:\/\/whimsical-pyramid.localsite.io\/?p=339"},"modified":"2025-09-30T08:08:19","modified_gmt":"2025-09-30T08:08:19","slug":"armenia","status":"publish","type":"post","link":"https:\/\/investinasia.id\/education\/tax-treaty\/armenia\/","title":{"rendered":"Armenia"},"content":{"rendered":"
\n

AGREEMENT BETWEEN<\/span><\/span><\/b><\/span><\/span><\/span><\/span>\n <\/p>\n

THE GOVERNMENT OF THE REPUBLIC OF INDONESIA
\n AND
\n THE GOVERNMENT OF THE REPUBLIC OF ARMENIA<\/b><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION
\n OF 
\n FISCAL EVASION WITH RESPECT TO TAXES ON INCOME AND ON
\n CAPITAL<\/b><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

The Government of the Republic of Indonesia and the Government of
\n the Republic of Armenia.<\/p>\n

DESIRING to conclude an Agreement for the avoidance of double taxation and the prevention of
\n fiscal evasion with respect to taxes on income and on capital, have agreed as follows:
\n  <\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

 <\/span><\/span><\/span><\/span><\/p>\n

Article 1<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

PERSONAL SCOPE<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

This Agreement shall apply to persons who are residents of one or
\n both of the Contracting States.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

 <\/span><\/span><\/span><\/span><\/p>\n

Article 2<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

TAXES COVERED<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n
\n

1.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

This
\n Agreement shall apply to taxes on income and on capital imposed on behalf of each
\n Contracting State or of its administrative-territorial subdivisions or local
\n authorities, irrespective of the manner in which they are
\n levied.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

2.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

There shall
\n be regarded as taxes on income and on capital all taxes imposed on total income, on
\n total capital, or on Clements of income or of capital, including taxes on gains from the
\n alienation of movable or immovable property, taxes on the total amounts of wages paid by
\n enterprises, as well as taxes on capital
\n appreciation.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

3.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

The existing
\n taxes to which the Agreement shall apply are, in
\n particular:<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(a)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

in the case
\n of Indonesia<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

the income
\n tax;<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(b)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

in the case
\n of Armenia:<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n
    \n
  1. \n the profit tax;<\/span><\/span><\/span><\/span><\/span><\/span>\n <\/li>\n
  2. \n the
    \n income tax;<\/span><\/span><\/span><\/span><\/span><\/span>\n <\/li>\n
  3. \n the
    \n property tax;<\/span><\/span><\/span><\/span><\/span><\/span>\n <\/li>\n
  4. \n the
    \n land tax.<\/span><\/span><\/span><\/span><\/span><\/span>\n <\/li>\n<\/ol>\n<\/td>\n<\/tr>\n
\n

4.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

The Agreement
\n shall apply also to any substantially similar taxes which are imposed after the date of
\n signature of the Agreement in addition to, or in place of, the existing taxes. The
\n competent authorities of the Contracting States shall notify each other of any
\n substantial changes which have been made in their respective taxation
\n laws.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/span><\/span><\/span><\/span><\/p>\n

Article 3<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

GENERAL DEFINITION<\/span><\/span><\/b><\/span><\/span><\/span><\/span>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

1.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

For the
\n purposes of this Agreement, unless the context otherwise
\n requires:<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(a)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

the term
\n “Contracting State” means Indonesia or Armenia as the context
\n requires;<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(i)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

the term
\n “Indonesia” means the territory of the Republic of Indonesia as defined in its
\n laws;<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(ii)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

the term
\n “Armenia” means the territory of the Republic of Armenia as defined in its
\n laws;<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(b)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

the term
\n “person” includes an individual, a company and any other body of
\n persons;<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(c)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

the term
\n “company” means any body corporate or any entity which is treated as a body corporate
\n for tax purposes;<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(d)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

the terms
\n “enterprise of a Contracting State” and “enterprise of the other Contracting State” mean
\n respectively an enterprise carried on by a resident of a Contracting State and an
\n enterprise carried on by a resident of the other Contracting
\n State;<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(e)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

the term
\n “international traffic” means any transport by a ship or aircraft, operated by an
\n enterprise of a Contracting State, except when the ship or aircraft is operated solely
\n between places in the other Contracting State;<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(f)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

the term
\n “competent authority” means:<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(i)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

in the case
\n of Indonesia<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

the Minister
\n of Finance or his authorized representative;<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(ii)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

in the case
\n of Armenia<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

the Minister
\n of Finance and Economy and the Minister of State Revenue or their authorized
\n representatives;<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(g)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

the term
\n “national” means:<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(i)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

any
\n individual possessing the nationality of a Contracting
\n State;<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(ii)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

any legal
\n person, partnership and association deriving its status as such from the laws in force
\n in a Contracting State.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

2.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

As regards
\n the application of the Agreement by a Contracting State, any term not defined therein
\n shall, unless the context otherwise requires, have the meaning which it has under the
\n laws of that State concerning the taxes to which the Agreement
\n applies.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

 <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/span><\/span><\/span><\/span><\/p>\n

Article 4<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

RESIDENT<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n\n\n\n\n\n\n\n\n\n
\n

1.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

For the
\n purposes of this Agreement, the term “resident of a Contracting State” means any person
\n who, under the laws of that State, is liable to tax therein by reason of his domicile,
\n residence, place of incorporation, place of management, or any other criterion of a
\n similar nature.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

2.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Where by
\n reason of the provisions of paragraph 1 an individual is a resident of both Contracting
\n States, then his status shall be determined as
\n follows:<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(a)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

he shall be
\n deemed to be a resident of the State in which he has a permanent home available to him;
\n if he has a permanent home available to him in both States, he shall be deemed to be a
\n resident of the State with which his personal and economic relations are closer (centre
\n of vital interests);<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(b)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

if the State
\n in which he has his centre of vital interests cannot be determined, or if he has not a
\n permanent home available to him in either State, he shall be deemed to be a resident of
\n the State in which he has an habitual abode;<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(c)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

if he has an
\n habitual abode in both States, or in neither of them, he shall be deemed to be a
\n resident of the State of which he is a national;<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(d)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

if he is a
\n national of both States or of neither of them, the competent authorities of the
\n Contracting States shall settle the question by mutual
\n agreement.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

3.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Where by
\n reason of the provisions of paragraph 1 a person other than an individual is a resident
\n of both Contracting States, then it shall be deemed to be a resident of the State under
\n the laws of which it derives its status as such.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Article 5<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

PERMANENT
\n ESTABLISHMENT<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

1.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

For the
\n purposes of this Agreement, the term “permanent establishment” means a fixed place of
\n business through which the business of an enterprise is wholly or partly carried
\n on.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

2.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

The term
\n “permanent establishment” includes especially:<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(a)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

a place of
\n management;<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(b)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

a
\n branch;<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(c)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

an
\n office;<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(d)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

a
\n factory;<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(e)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

a
\n workshop;<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(f)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

a warehouse
\n or premises used as sales outlet;<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(g)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

a mine, an
\n oil or gas well, a quarry or any other place of exploration, exploitation or extraction
\n of natural resources, drilling rig or working ship used for exploration or exploitation
\n of natural resources.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

3.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

The term
\n “permanent establishment” likewise encompasses:<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(a)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

a building
\n site, a construction, assembly, or installation project or supervisory activities in
\n connection therewith, but only where such site, project or activities continue for a
\n period of more than 6 months;<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(b)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

the
\n furnishing of services, including consultative services, by an enterprise through
\n employees or other personnel engaged by the enterprise for such purpose, but only where
\n activities of that nature continue (for the same or a connected project) within the
\n country for a period or periods aggregating more than 120 days within any twelve month
\n period.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

4.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Notwithstanding the preceding provisions of this Article, the
\n term “permanent establishment” shall be deemed not to
\n include:<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(a)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

the use of
\n facilities solely for the purpose of storage or display of goods or merchandise
\n belonging to the enterprise;<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(b)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

the
\n maintenance of a stock of goods or merchandise belonging to the enterprise solely for
\n the purpose of storage or display of goods;<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(c)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

the
\n maintenance of a stock of goods or merchandise belonging to the enterprise solely for
\n the purpose of processing by another enterprise;<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(d)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

the
\n maintenance of a fixed place of business solely for the purpose of purchasing goods or
\n merchandise or of collecting information, for the
\n enterprise;<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(e)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

the
\n maintenance of a fixed place of business solely for the purpose of carrying on, for the
\n enterprise, any other activity of a preparatory or auxiliary
\n character.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

5.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Notwithstanding the provisions of paragraphs 1 and 2, where a
\n person other than an agent of an independent status to whom paragraph 7 applies-is
\n acting in a Contracting State on behalf of an enterprise of the other Contracting State,
\n that enterprise shall be deemed to have a permanent establishment in the first-mentioned
\n State in respect of any activities which that person undertakes for the enterprise, if
\n such a person:<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(a)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

has and
\n habitually exercises in that State an authority to conclude contracts in the name of the
\n enterprise, unless the activities of such person are limited to those mentioned in
\n paragraph 4 which, if exercised through a fixed place of business, would not make this
\n fixed place of business a permanent establishment under the provisions of that
\n paragraph; or<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(b)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

has no such
\n authority, but habitually maintains in the first-mentioned State a stock of goods or
\n merchandise from which he regularly delivers goods or merchandise on behalf of the
\n enterprise; or<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

 <\/span><\/span><\/span><\/p>\n<\/td>\n

\n

(c)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

manufactures
\n or processes in that State for the enterprise goods or merchandise belonging to the
\n enterprise.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

6.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Notwithstanding the preceding provisions of this Article, an
\n insurance enterprise of a Contracting State shall, except in regard to re-insurance, be
\n deemed to have a permanent establishment in the other Contracting State if it collects
\n premiums in the territory of that other State or insures risks situated therein through
\n a person other than an agent of an independent
\n status.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

7.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

An enterprise
\n of a Contracting State shall not be deemed to have a permanent establishment in the
\n other Contracting State merely because it carries on business in that other State
\n through a broker, general commission agent, or any other agent of an independent status,
\n provided that such persons are acting in the ordinary course of their business. However,
\n when the activities of such an agent are devoted wholly or almost wholly on behalf of
\n that enterprise he will not be considered an agent of an independent status within the
\n meaning of this paragraph.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

8.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

The fact that
\n a company which is a resident of a Contracting State controls or is controlled by a
\n company which is a resident of the other Contracting State, or which carries on business
\n in that other State (whether through a permanent establishment or otherwise), shall
\n not of itself constitute either a company a permanent establishment of the
\n other.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/span><\/span><\/span><\/span><\/p>\n

Article 6<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

INCOME FROM IMMOVABLE
\n PROPERTY<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n\n\n\n\n\n\n
\n

1.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Income
\n derived by a resident of a Contracting. State from immovable property (including income
\n from agriculture or forestry) situated in the other Contracting State may be taxed in
\n that other State.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

2.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

The term
\n “immovable property” shall have the meaning which it has under the law of the
\n Contracting State in which the property in question is situated. Ships or aircraft shall
\n not be regarded as immovable property.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

3.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

The
\n provisions of paragraph 1 shall also apply to income derived from the direct use,
\n letting, or use in any other form of immovable
\n property.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

4.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

The
\n provisions of paragraphs 1 and 3 shall also apply to the income from immovable property
\n of an enterprise and to income from immovable property used for the performance of
\n independent personal services.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Article 7<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

BUSINESS PROFITS<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n\n\n\n
\n

1.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

The profits
\n of an enterprise of a Contracting State shall be taxable only in that State unless the
\n enterprise carries on business in the other Contracting State through a permanent
\n establishment situated therein. If the enterprise carries on business as aforesaid, the
\n profits of the enterprise may be taxed in the other State but only so much of them as is
\n attributable to:<\/span><\/span><\/span><\/span><\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\n

(a)<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

that permanent establishment;
\n or<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

(b)<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

sales in that other State of goods or merchandise of the
\n same or similar kind as those sold through that permanent establishment;
\n or<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

(c)<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

other business activities carried on in that other State
\n of the same or similar kind as those effected through that permanent
\n establishment.<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

2.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Subject to
\n the provisions of paragraph 3, where an enterprise of a Contracting State carries on
\n business in the other Contracting State through a permanent establishment situated
\n therein, there shall in each Contracting State be attributed to that permanent
\n establishment the profits which it might be expected to make if it were a distinct and
\n separate enterprise engaged in the same or similar activities under the same or similar
\n conditions and dealing wholly independently with the enterprise of which it is a
\n permanent establishment.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

3.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

In
\n determining the profits of a permanent establishment, there shall be allowed as
\n deductions expenses which are incurred for the purposes of the permanent establishment,
\n including executive and general administrative expenses so incurred, whether in the
\n State in which the permanent establishment is situated or
\n elsewhere.<\/span><\/span><\/span><\/span><\/span><\/p>\n

However, no
\n such deduction shall be allowed in respect of amounts, if any, paid (otherwise than
\n towards reimbursement of actual expenses) by the permanent establishment to the
\n enterprise, by way of royalties, fees or other similar payments in return for the use of
\n patents or other rights, or by way of commission for specific services performed or for
\n management, or, except in the case of a banking enterprise, by way of interest on moneys
\n lent to the permanent establishment. Likewise, no account shall be taken, in determining
\n the profits of a permanent establishment, for amounts charged (otherwise than towards
\n reimbursement of actual expenses), by the permanent establishment to the enterprise, by
\n way of royalties, fees or other similar payments in return for the use of patents or
\n other rights, or by way of commission for specific services performed or for management,
\n or, except in the case of a banking enterprise, by way of interest on moneys lent to the
\n enterprise.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

4.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

No profits
\n shall be attributed to a permanent establishment by reason of the mere purchase by that
\n permanent establishment of goods or merchandise for the
\n enterprise.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

5.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

For the
\n purposes of the preceding paragraphs, the profits to be attributed to the permanent
\n establishment shall be determined by the same method year by year unless there is good
\n and sufficient reason to the contrary.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

6.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Insofar as it
\n has been customary in a Contracting State to determine the profits to be attributed to a
\n permanent establishment on the basis of an apportionment of the total profits of the
\n enterprise to its various parts, nothing in paragraph 2 shall preclude that Contracting
\n State from determining the profits to be taxed by such an apportionment as may be
\n customary.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

7.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Where profits
\n include items of income which are dealt with separately in other Articles of this
\n Agreement, then the provisions of those Articles shall not be affected by the provisions
\n of this Article.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Article 8<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

SHIPPING AND AIR
\n TRANSPORT<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n\n\n\n\n\n
\n

1.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Profits from
\n the operation of ships or aircraft in international traffic shall be taxable only in the
\n Contracting State of which the enterprise operating the ships or aircraft is a
\n resident.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

2.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Profits from
\n the operation of ships or aircraft referred to in paragraph I “shall also include the
\n maintenance or use of containers (and related equipment for the transport of containers)
\n in international traffic.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

3.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

The
\n provisions of paragraphs I and 2 shall also apply to profits from the participation in a
\n pool, a joint business or an international operating
\n agency.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Article 9<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

ASSOCIATED
\n ENTERPRISES<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n\n\n\n
\n

1.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Where<\/span><\/span><\/span><\/span><\/span><\/p>\n\n\n\n\n\n
\n

(a)<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

an enterprise of a Contracting State participates
\n directly or indirectly in the management, control or capital of an enterprise of
\n the other Contracting State, or<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

(b)<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

the same persons participate directly or indirectly in
\n the management, control, or capital of an enterprise of a Contracting State and an
\n enterprise of the other Contracting State, and in either case conditions are made
\n or imposed between the two enterprises in their commercial or financial relations
\n which differ from those which would be made between independent enterprises, then
\n any profits which would, but for those conditions, have accrued to one of the
\n enterprises, but, by reason of those conditions, have not so accrued, may be
\n included in the profits of that enterprise and taxed
\n accordingly.<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

2.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Where a
\n Contracting State includes in the profits of an enterprise of that State – and taxes
\n accordingly – profits on which an enterprise of the other Contracting State has been
\n charged to tax in that other State and the profit so included are profits which
\n would have accrued to the enterprise of the first mentioned State if the conditions made
\n between the two enterprises had been those which would have been made between
\n independent enterprises, then that other State shall make an appropriate adjustment to
\n the amount of the tax charged therein on those profits. In determining such adjustment,
\n due regard shall be had to the other provisions of the Agreement and the competent
\n authorities of the Contracting States shall, if necessary consult each
\n other.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Article 10<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

DIVIDENDS<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n\n\n\n\n
\n

1.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Dividends
\n paid by a company which is a resident of a Contracting State to a resident of the other
\n Contracting State may be taxed in that other State.<\/span><\/span><\/span><\/span><\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

2.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

However, such
\n dividends may also be taxed in the Contracting State of which the company paying the
\n dividends is a resident and according to the laws of that State, but if the recipient is
\n the beneficial owner of the dividends the tax so charged shall not
\n exceed:<\/span><\/span><\/span><\/span><\/span><\/p>\n\n\n\n\n\n\n\n
\n

a)<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

10 per cent of the gross amount of the dividends if the
\n beneficial owner is a company which holds directly at least 25 per cent of the
\n equity capital of the company paying the dividends;<\/span><\/span><\/span><\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

b)<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

15 per cent of the gross amount of the dividends in all
\n other cases.<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The competent
\n authorities of the Contracting States shall by mutual agreement settle the mode of
\n application of these limitations. This paragraph shall not affect the taxation of the
\n company in respect of the profits out of which the dividends are
\n paid.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

3.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

The term
\n “dividends” as used in this Article means income from any shares or other rights, not
\n being debt-claims, participating in profits, as well as income from other corporate
\n rights which is subjected to the same taxation treatment as income from shares by the
\n laws of the State of which the company making the distribution is a
\n resident.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

4.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

The
\n provisions of paragraphs 1 and 2 shall not apply if the beneficial owner of the
\n dividends, being a resident of a Contracting State, carries on business in the other
\n Contracting State of which the company paying the dividends is a resident, through a
\n permanent establishment situated therein, or performs in that other State independent
\n personal services from a fixed base situated therein, and the holding in respect of
\n which the dividends are paid is effectively connected with such permanent 
\n establishment or fixed base.<\/span><\/span><\/span><\/span><\/span><\/p>\n

In such case
\n the provisions of Article 7 (Business Profits) or Article 14 (Independent Personal
\n Services),as the case maybe, shall apply.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

5.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Where a
\n company which is a resident of a Contracting State derives profits or income from the
\n other Contracting State, that other State may not impose any tax on the dividends paid
\n by the company, except insofar as such dividends are paid to a resident of that other
\n State or insofar as the dividends are attributable to a permanent establishment or a
\n fixed base situated in that other State, nor subject the company’s undistributed profits
\n to a tax on the company’s undistributed profits even if the dividends paid or the
\n undistributed profits consist wholly or partly of profits or income arising in such
\n other State.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Article 11<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

INTEREST<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n\n\n\n\n\n\n\n\n\n
\n

1.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Interest
\n arising in a Contracting State and paid to a resident of the other Contracting State may
\n be taxed in that other State.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

2.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

However, such
\n interest may also be taxed in the Contracting State in which it arises and according to
\n the laws of that State, but if the recipient is the beneficial owner of the interest the
\n tax so charged shall not exceed 10 per cent of the gross amount of the interest. The
\n competent authorities of the Contracting States shall by mutual agreement settle the
\n mode of application of this limitation.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

3.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Notwithstanding the provisions of paragraph 2 interest arising
\n in a Contracting State and derived by the Government of the other Contracting State
\n including local authorities thereof an administrative-territorial subdivision the
\n Central Bank or any financial institution controlled by that Government, the capital of
\n which is wholly owned by the Government of the other Contracting State as may be agreed
\n upon from time to time between the competent authorities of the Contracting States,
\n shall be exempt from tax in the first-mentioned
\n State.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

4.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

The term
\n “interest” as used in this Article means income from debt-claims of every kind, whether
\n or not secured by mortgage, and whether or not carrying a right to participate in the
\n debtor\u2019s profits, and in particular, income from government securities and income from
\n bonds or debentures, including premiums or prizes attaching to such securities, bonds or
\n debentures.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

5.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

The
\n provisions of paragraphs 1 and 2 shall not apply if the beneficial owner of the
\n interest, being a resident of a Contracting State, carries on business in the other
\n Contracting State in which the interest arises, through a permanent establishment
\n situated therein, or performs in that other State independent personal services from a
\n fixed base situated therein, and the debt-claim in respect of which the interest is paid
\n is effectively connected with a) such permanent establishment or fixed base, or with b)
\n sales or business activities referred to under c) of paragraph 1 of Article 7 (Business
\n Profits). In such case, the provisions of Article 7 (Business Profits) or Article
\n 14 (Independent Personal Services), as the case may bet shall
\n apply.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

6.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Interest
\n shall be deemed to arise in a Contracting State when the payer is that State itself, an
\n administrative-territorial subdivision, a local authority, or a resident of that State.
\n Where, however, the person paying the interest, whether he is a resident of a
\n Contracting State or not, has in a Contracting State a permanent establishment or a
\n fixed base in connection with which the indebtedness on which the interest is paid was
\n incurred, and such interest is borne by such permanent establishment or fixed base, then
\n such interest shall be deemed to arise in the State in which the permanent establishment
\n or fixed base is situated.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

7.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Where, by
\n reason of a special relationship between the payer and the beneficial owner or between
\n both of them and some other person, the amount of the interest, having regard to the
\n debt-claim for which it is paid, exceeds the amount which would have been agreed upon by
\n the payer and the beneficial owner in the absence of such relationship, the provisions
\n of this Article shall apply only to the last-mentioned amount. In such case, the excess
\n part of the payments shall remain taxable according to the laws of each Contracting
\n State, due regard being had to the other provisions of the
\n Agreement.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Article 12<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

ROYALTIES<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n\n\n\n\n\n\n\n\n
\n

1.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Royalties
\n arising in a Contracting State and paid to a resident of the other Contracting State may
\n be taxed in that other Contracting State.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

2.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

However, such
\n royalties may also be taxed in the Contracting State in which they arise and according
\n to the laws of that State but if the recipient is the beneficial owner of the royalties,
\n the tax so charged shall not exceed 10 per cent of the gross amount of the royalties.
\n The competent authorities of the Contracting States shall by mutual agreement settle the
\n mode of application of this limitation.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

3.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

The term
\n “royalties” as used in this Article means payments of any kind received as a
\n consideration for the use of, or the right to use, any copyright of literary, artistic,
\n or scientific work including cinematography films (or films or tapes used for radio or
\n television broadcasting,) any patent, trade mark, design or model, plan, secret formula
\n or process, or for the use of, or the right to use, industrial, commercial or scientific
\n equipment, or for information concerning industrial, commercial or scientific
\n experience.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

4.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

The
\n provisions of paragraphs 1 and 2 shall not apply if the beneficial owner of the
\n royalties, being a resident of a Contracting State, carries on business in the other
\n Contracting State in which the royalties arise, through a permanent establishment
\n situated therein, or performs in that other State independent personal services from a
\n fixed base situated therein, and the right or property in respect of which the royalties
\n are paid is effectively connected with a) such permanent establishment or fixed base, or
\n with b) sales or business activities referred to under c) of paragraph 1 of Article 7
\n (Business Profits). In such case, the provisions of Article 7 (Business Profits) or
\n Article 14 (Independent Personal Services), as the case may be, shall
\n apply.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

5.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Royalties
\n shall be deemed to arise in a Contracting State when the payer is that State itself, an
\n administrative – territorial subdivision, a local authority, or a resident of that
\n State. Where, however, the person paying the royalties, whether he is a resident of a
\n Contracting State or not, has in a Contracting State a permanent establishment or a
\n fixed base in connection with which the liability to pay the royalties was incurred, and
\n such royalties are borne by such permanent establishment or fixed base, then such
\n royalties shall be deemed to arise in the State in which the permanent establishment or
\n fixed base is situated.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

6.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Where, by
\n reason of a special relationship between the payer and the beneficial owner or between
\n both of them and some other person, the amount of the royalties, having regard to the
\n use, right or information for which they are paid, exceeds the amount which would have
\n been agreed upon by the payer and the beneficial owner in the absence of such
\n relationship, the provisions of this Article shall apply only to the last- mentioned
\n amount. In such case, the excess part of the payments shall remain taxable
\n according to the laws of each Contracting State, due regard being had to the other
\n provisions of this Agreement.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Article 13<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

CAPITAL GAINS<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n\n\n\n\n\n\n
\n

1.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Gains derived
\n by a resident of a Contracting State from the alienation of immovable property referred
\n to in Article 6 (Income from Immovable Property) and situated in the other Contracting
\n State may be taxed in that other State.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

2.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Gains from
\n the alienation of movable property forming part of the business property of a permanent’
\n establishment which an enterprise of a Contracting State has in the other Contracting
\n State or of movable property pertaining to a fixed base available to a resident of a
\n Contracting State in the other Contracting State for the purpose of performing
\n independent personal services, including such gains from the alienation of such a
\n permanent establishment (alone or with the whole enterprise) or of such fixed base, may
\n be taxed in that other State.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

3.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Gains derived
\n by an enterprise of a Contracting State from the alienation, of ships or aircraft
\n operated in international traffic or movable property pertaining to the operation of
\n such ships or aircraft shall be taxable only in that
\n State.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

4.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Gains from
\n the alienation of any property other than that referred to in the preceding paragraphs,
\n shall be taxable only in the Contracting State of which the alienator is a
\n resident.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Article 14<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

INDEPENDENT PERSONAL
\n SERVICES<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n\n\n\n\n
\n

1.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Income
\n derived by a resident of a Contracting State in respect of professional services or
\n other activities of an independent character shall be taxable only in that State unless
\n he has a fixed base regularly available to him in the other Contracting State for the
\n purpose of performing his activities or he is present in that other State for a period
\n or periods exceeding in the aggregate 120 days within any twelve month period. If he has
\n such a fixed base or remains in that other State for the aforesaid period or periods the
\n income may be taxed in that other State, but only so much of it as is attributable to
\n that fixed base or is derived in that other State during the aforesaid period or
\n periods.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

2.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

The term
\n “professional services” includes especially independent scientific, literary, artistic,
\n educational or teaching activities as well as the independent activities of physicians,
\n engineers, lawyers, dentists, architects and
\n accountants.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Article 15<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

DEPENDENT PERSONAL
\n SERVICES<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

 <\/p>\n\n\n\n\n
\n

1.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Subject to
\n the provisions of Articles 16 (Directors Fees), 18 (Pensions), 19 (Government Services)
\n and 20 (Teachers and Researchers), salaries, wages and other similar remuneration
\n derived by a resident of a Contracting State in respect of an employment shall be
\n taxable only in that State unless the employment is exercised in the other Contracting
\n State. If the employement is so exercised, such remuneration as is derived therefrom may
\n be taxed in that other State.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

2.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Notwithstanding the provisions of paragraph 1, remuneration
\n derived by a resident of a Contracting State in respect of an employment exercised in
\n the other Contracting State shall be taxable only in the first-mentioned State
\n if:<\/span><\/span><\/span><\/span><\/span><\/p>\n\n\n\n\n\n\n
\n

(a)<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

the recipient is present in that other State for a
\n period or periods not exceeding in the aggregate 183 days in the calendar year
\n concerned; and<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

(b)<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

the remuneration is paid by, or on behalf of an employer
\n who is not a resident of that other State; and<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

(c)<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

the remuneration is not borne by a permanent
\n establishment or a fixed base which the employer has in the other
\n State.<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

3.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Notwithstanding the preceding provisions of this Article,
\n remuneration derived in respect of an employment exercised aboard a ship or aircraft
\n operated in international traffic by an enterprise of a Contracting State shall be
\n taxable only in that State.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/span><\/span><\/span><\/span><\/p>\n

Article 16<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

DIRECTORS\u2019 FEES<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

 <\/p>\n

Directors’ fees and other similar payments derived by a resident of
\n a Contracting State in his capacity as a member of the board of directors or any other similar
\n organ of a company which is a resident of the other Contracting State may be taxed in that
\n other State.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

 <\/span><\/span><\/span><\/span><\/p>\n

Article 17<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

ENTERTAINERS AND
\n SPORTSMEN<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

 <\/p>\n\n\n\n\n\n
\n

1.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Notwithstanding the provisions of Articles 14 (Independent
\n Personal Services) and 15 (Dependent Personal Services), income derived by a resident of
\n a Contracting State as an entertainer, such as a theater, motion picture, radio or
\n television artiste, or a musician, or as a sportsman, from his personal activities as
\n such exercised in the other Contracting State, may be taxed in thar other
\n State.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

2.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Where income
\n in respect of personal activities exercised by an entertainer or a sportsman in his
\n capacity as such accrues not to the entertainer or sportsman himself but to another
\n person, that income may, notwithstanding the provisions of Article 14 (Independent
\n Personal Services) and 15 (Dependent Personal Services), be taxed in the Contracting
\n Stale in which the activities of the entertainer or sportsman are
\n exercised.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

3.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Notwithstanding the provisions of paragraphs 1 and 2, the
\n income derived from the activities referred to in paragraph 1 performed under a cultural
\n agreement or arrangement between the Contracting States shall be exempt from tax in the
\n Contracting State in which the activities are exercised if the visit to that State is
\n wholly or substantially supported by funds of one or both of the Contracting State, or
\n of its administrative-territorial subdivisions, or local authority or public institution
\n thereof.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/span><\/span><\/span><\/span><\/p>\n

Article 18<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

PENSIONS<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

 <\/p>\n

Subject to the provisions of paragraphs 2 of Article 19 (Government
\n Services), any Pensions and other similar remuneration paid to a resident of a Contracting
\n State from a source in the other Contracting State in consideration of past employment or
\n services in that other Contracting State and any annuity paid to such a resident from such a
\n source may be taxed in that other State.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

 <\/span><\/span><\/span><\/span><\/p>\n

Article 19<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

GOVERNMENT SERVICES<\/span><\/span><\/b><\/span><\/span><\/span><\/span>\n <\/p>\n

 <\/p>\n\n\n\n
\n

1.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n\n\n\n\n
\n

(a)<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Remuneration, other than a pension, paid by, or out of
\n public funds of, a Contracting State, or an administrative-territorial subdivision
\n or a local authority thereof to an individual in respect of services rendered to
\n that State or subdivision or authority shall be taxable only in that
\n State.<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

(b)<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

However, such remuneration shall be taxable only in the
\n other Contracting State if the services are rendered in that other State and the
\n individual is a resident of that State who:<\/span><\/span><\/span><\/span><\/p>\n\n\n\n\n\n\n
\n

(i)<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

is a national of that State;
\n or<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

(ii)<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

did not become a resident of that State solely
\n for the purpose of rendering the services.<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n

\n

2.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

The
\n provisions of Articles 15 (Dependent Personal Services) , and 16 (Directors Fees), shall
\n apply to remuneration and pensions in respect of services rendered in connection with a
\n business carried on by a Contracting State or an administrative-territorial subdivision
\n or a local authority thereof.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

3.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n\n\n\n\n
\n

(a)<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Any pensions paid by, or out of funds created by, a
\n Contracting State, or of its administrative- territorial subdivisions, or a local
\n authority thereof to an individual in respect of services rendered to that State,
\n or subdivision, or authority shall be taxable only in that
\n State.<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

(b)<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

However, such pension shall be taxable only in the other
\n Contracting State if the individual is a resident of, and a national of, that
\n other State.<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/span><\/span><\/span><\/span><\/p>\n

Article 20<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

TEACHERS AND
\n RESEARCHERS<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

 <\/p>\n\n\n\n\n
\n

1.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

An individual
\n who is or was immediately before visiting a Contracting State a resident of the other
\n Contracting State and who, at the invitation of the Government of the first-mentioned
\n Contracting State or of a University, college, school, museum or other cultural
\n institution in that first-mentioned Contracting State or under an official programme of
\n cultural exchange, is present in that Contracting State for a period not exceeding two
\n consecutive years solely for the purpose of teaching, giving lectures or carrying out
\n research at such institution shall be exempt from tax in that Contracting State on his
\n remuneration for such activity.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

2.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

This Article
\n shall not apply to income from research if such research is undertaken not in the public
\n interest but primarily for the private benefit of a specific person or
\n persons.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/span><\/span><\/span><\/span><\/p>\n

Article 21<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

STUDENT AND TRAINEES<\/span><\/span><\/b><\/span><\/span><\/span><\/span>\n <\/p>\n

 <\/p>\n\n\n\n\n
\n

1.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Payments
\n which a student or business trainee who is or was immediately before visiting a
\n Contracting State a resident of the other Contracting State and who is present in the
\n first mentioned Contracting State solely for the purpose of his education or training
\n receives for the purpose of his maintenance, education or training shall not be taxed in
\n that Contracting State, provided that such payments arise from sources outside that
\n Contracting State.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

2.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

In respect of
\n grants, scholarships and remuneration from employment not covered by paragraph 1, a
\n student or business trainee described in paragraph I shall, in addition, be entitled
\n during such education or training to the same exemption, reliefs or reductions in
\n respect of taxes available to residents of the Contracting State which he is
\n visiting.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/span><\/span><\/span><\/span><\/p>\n

Article 22<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

OTHER INCOME<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

 <\/p>\n\n\n\n\n\n
\n

1.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Items of
\n income of a resident of a Contracting State, wherever arising, not dealt with foregoing
\n Articles of this Agreement shall be taxable only in that
\n State.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

2.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

The
\n provisions of paragraph 1 shall not apply to income, other than income from immovable
\n property as defined in paragraph 2 of Article 6 (Income from Immovable Property), if the
\n recipient of such income, being a resident of a Contracting State, carries on business
\n in the other Contracting State through a permanent establishment situated therein, or
\n performs in that other State independent personal services from a. fixed base situated
\n therein, and the right or property in respect of which the income is paid is effectively
\n connected with such permanent establishment or fixed base. In such case the provisions
\n of Article 7 (Business Profits) or Article 14 (Independent Personal Services), as the
\n case may be, shall apply.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

3.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Notwithstanding the provisions of paragraphs 1 and 2, items of
\n income of a resident of a Contracting State not dealt with in the foregoing Articles of
\n this Agreement and arising in the other Contracting State may also be taxed in that
\n other State.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/span><\/span><\/span><\/span><\/p>\n

Article 23<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

CAPITAL<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n\n\n\n\n\n\n\n
\n

1.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Capital
\n represented by immovable property referred to in Article 6 (Income from Immovable
\n Property), owned by a resident of a Contracting State and situated in the other
\n Contracting State, may be taxed in that other State.<\/span><\/span><\/span><\/span><\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

2.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Capital
\n represented by movable property forming part of the business property of a permanent
\n establishment which an enterprise of a Contracting State has in the other Contracting
\n State or by movable property pertaining to a fixed base available to a resident of a
\n Contracting State in the other Contracting State for the purpose of performing
\n independent personal services, may be taxed in that other
\n State.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

3.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Capital
\n represented by ships or aircraft operated in international traffic, and by movable
\n property pertaining to the operation of such ships, boats or aircraft, road or railway
\n vehicles, owned by a resident of a Contracting State, shall be taxable only in that
\n State.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

4.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Capital
\n represented by shares or other corporate rights in a company the assets of which consist
\n mainly of immovable property situated in a Contracting State may be taxed in that
\n State.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

5.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

All other
\n elements of capital of a resident of a Contracting State shall be taxable only in that
\n State.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/span><\/span><\/span><\/span><\/p>\n

Article 24<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

ELIMINATION OF DOUBLE
\n TAXATION<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

 <\/p>\n\n\n\n
\n

1.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Where a
\n resident of a Contracting States derives income or owns capital which, in accordance
\n with the provisions of this Agreement, may be taxed in the other Contracting States, the
\n first-mentioned State shall allow:<\/span><\/span><\/span><\/span><\/span><\/p>\n\n\n\n\n\n
\n

a)<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

as a deduction from the tax on the income of that
\n resident, an amount equal to the income tax paid in that other
\n State;<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

b)<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

as a deduction from the tax on the capital of that
\n resident, an amount equal to the capital tax paid in that other
\n State.<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Such
\n deduction in either case shall not, however, exceed that part of the income tax or
\n capital tax, as computed before the deduction is given, which is attributable, as the
\n case may be, to the income or the capital which may be taxed in that other
\n State.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

2.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

For the
\n purposes of paragraph 1 of this Article, the term “tax paid in that other State” shall
\n be deemed to include the amount of tax which would have been paid in that other State if
\n it had not been exempted or reduced in accordance with the legislation of that other
\n State.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/span><\/span><\/span><\/span><\/p>\n

Article 25<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

NON-DISCRIMINATION<\/span><\/span><\/b><\/span><\/span><\/span><\/span>\n <\/p>\n

 <\/p>\n\n\n\n\n\n\n\n\n
\n

1.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Nationals of
\n a Contracting State shall not be subjected in the other Contracting State to any
\n taxation or any requirement connected therewith, which is other or more burdensome than
\n the taxation and connected requirements to which nationals of that other State in the
\n same circumstances are or may be subjected. This provision shall, notwithstanding the
\n provisions of Article 1 (Personal Scope), also apply to persons who are not residents of
\n one or both of the Contracting States.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

2.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Stateless
\n persons who are residents of a Contracting State shall not be subjected in either
\n Contracting State to any taxation or any requirement connected therewith, which is other
\n or more burdensome than the taxation and connected requirements to which nationals
\n of the State concerned in the same circumstances are or may be
\n subjected.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

3.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

The taxation
\n on a permanent establishment which an enterprise of a Contracting State has in the other
\n Contracting State shall not be less favorably levied in that other State than the
\n taxation levied on enterprises of that other State carrying on the same activities. This
\n provision shall not be construed as obliging a Contracting State to grant to residents
\n of the other Contracting State any personal allowances, reliefs and reductions for
\n taxation purposes on account of civil status or family responsibilities which it grants
\n to its own residents.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

4.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Except where
\n the provisions of paragraph 1 of Article 9 (Associated Enterprises), paragraph 6 of
\n Article 11 (Interest), or paragraph 6 of Article 12 (Royalties) apply, interest,
\n royalties and other disbursements paid by an enterprise of a Contracting State to a
\n resident of the other Contracting State shall, for the purpose of determining the
\n taxable profits of such enterprise, be deductible under the same conditions as if they
\n had been paid to a resident of the first-mentioned State. Similarly, any debts of an
\n enterprise of a Contracting State to a resident of the other Contracting State shall,
\n for the purpose of determining taxable capital of such enterprise, be deductible under
\n the same conditions as if they had been contracted to a resident of the first-mentioned
\n State.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

5.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Enterprises
\n of a Contracting State, the capital of which is wholly or partly owned or controlled,
\n directly or indirectly, by one or more residents of the other Contracting State, shall
\n not be subjected in the first-mentioned State to any taxation or any requirement
\n connected therewith which is other or more burdensome than the taxation and connected
\n requirements to which other similar enterprises of the first-mentioned State are or may
\n be subjected.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

6.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

The
\n provisions of this Article shall apply only to taxes which are covered by this
\n agreement.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/span><\/span><\/span><\/span><\/p>\n

Article 26<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

MUTUAL AGREEMENT
\n PROCEDURE<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

 <\/p>\n\n\n\n\n\n\n
\n

1.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Where a
\n person considers that the actions of one or both of the Contracting States result or
\n will result for him in taxation not in accordance with the provisions of this Agreement,
\n he may, irrespective of the remedies provided by the domestic law of those States,
\n present his case to the competent authority of the Contracting State of which he is a
\n resident or, if his case comes under paragraph 1 of Article 25 (Non-discrimination), to
\n that of the Contracting State of which he is a national. The case must be presented
\n within three years from the first notification of the action resulting in taxation not
\n in accordance with the provisions of the Agreement.<\/span><\/span><\/span><\/span><\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

2.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

The competent
\n authority shall endeavor, if the objection appears to it to be justified and if it is
\n not itself able to arrive at a satisfactory solution, to resolve the case by mutual
\n agreement with the competent authority of the other Contracting State, with a view to
\n the avoidance of taxation which is not in accordance with this
\n Agreement.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

3.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

The competent
\n authority of the Contracting States shall endeavor to resolve by mutual agreement any
\n difficulties or doubts arising as to the interpretation or application of the Agreement.
\n They may also consult together for the elimination of double taxation in cases not
\n provided for in the Agreement.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

4.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

The competent
\n authorities of the Contracting States may communicate with each other directly for the
\n purpose of reaching an agreement in the sense of the preceding paragraphs. The competent
\n authorities, through consultations, shall develop appropriate bilateral procedures,
\n conditions, methods and techniques for the implementation of the mutual agreement
\n procedure provided for in this Article.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/span><\/span><\/span><\/span><\/p>\n

Article 27<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

EXCHANGE OF
\n INFORMATION<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

 <\/p>\n\n\n\n\n
\n

1.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

The competent
\n authorities of the Contracting States shall exchange such information as is necessary
\n for carrying out the provisions of this Agreement or of the domestic laws of the
\n Contracting States concerning taxes covered by the Agreement, insofar as the taxation
\n thereunder is not contrary to the Agreement, in particular for the prevention of
\n fraud or evasion of such taxes. The exchange of information is not restricted by Article
\n 1. Any information received by a Contracting State shall be treated as secret in the
\n same manner as information obtained under the domestic laws of that State. However, if
\n the information is originally regarded as secret in the transmitting State it shall be
\n disclosed only to persons or authorities (including courts and administrative bodies)
\n involved in the assessment or collection of, the enforcement or prosecution in respect
\n of, or the determination of appeals in relation to, the taxes which are subject of the
\n Agreement. Such persons or authorities shall use the information only for such purposes
\n but may disclose the information in public court proceedings, or injudicial
\n decisions.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

2.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

In no case
\n shall the provisions of paragraph 1 be construed so as to impose on a Contracting State
\n the obligation:<\/span><\/span><\/span><\/span><\/span><\/p>\n\n\n\n\n\n
\n

(a)<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

to carry out administrative measures at variance with
\n the laws and administrative practice of that or of the other Contracting
\n State;<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

(b)<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

to supply information which is not obtainable under the
\n laws or in the normal course of the administration of that or of the other
\n Contracting State<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

(c)<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

to supply information which would disclose any trade,
\n business, industrial, commercial, or professional secret or trade process, or
\n information, the disclosure of which would be contrary to public policy (ordre
\n public).<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/span><\/span><\/span><\/span><\/p>\n

Article 28<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

ASSISTANCE IN
\n COLLECTION<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

 <\/p>\n\n\n\n\n
\n

1.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Each of the
\n Contracting States shall endeavor to collect on behalf of the other Contracting State
\n such taxes imposed by that other Contracting State as will ensure that any exemption or
\n reduced rate of tax granted under this Agreement by that other Contracting State shall
\n not be enjoyed by persons not entitled to such benefits. The competent authorities of
\n the Contracting States may consult together for the purpose of giving effect to this
\n Article.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

2.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

In no case
\n shall this Article be construed so as to impose upon a Contracting State the obligation
\n to carry out administrative measure at variance with the regulations and practices of
\n either Contracting State or which would be contrary to the first-mentioned Contracting
\n State’s sovereignty, security, or public policy.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/span><\/span><\/span><\/span><\/p>\n

Article 29<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

DIPLOMATIC AGENTS AND CONSULAR
\n OFFICERS<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

 <\/p>\n

Nothing in this Agreement shall affect the fiscal privileges of
\n diplomatic agents or consular officers under the general rules of international law or under
\n the provisions of special agreements.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

 <\/span><\/span><\/span><\/span><\/p>\n

Article 30<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

ENTRY INTO FORCE<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

 <\/p>\n\n\n\n\n
\n

1.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

This
\n Agreement shall enter into force on the later of the dates on which the respective
\n Governments may notify each other in writing that the formalities constitutionally
\n required in their respective States have been complied
\n with.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

2.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

This
\n Agreement shall have effect:<\/span><\/span><\/span><\/span><\/span><\/p>\n\n\n\n\n
\n

(a)<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

in respect of tax withheld at source to income derived
\n on or after 1 January in the year next following that in which the Agreement
\n enters into force; and<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

(b)<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

in respect of other taxes on income and on capital for
\n taxable years beginning on or after 1 January in the year next following that in
\n which the Agreement enters into force. <\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/span><\/span><\/span><\/span><\/p>\n

Article 31<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

TERMINATION<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

 <\/p>\n

This Agreement shall remain in force until terminated by a
\n Contracting State. Either Contracting State may terminate the Agreement, through diplomatic
\n channels, by giving written notice of termination on or before the thirtieth day of June of
\n any calendar year following after the period of five years from the year in which the
\n Agreement enters into force.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

 <\/span><\/span><\/span><\/span><\/p>\n

In such case, the Agreement shall cease to have
\n effect:<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n\n\n\n\n
\n

(a)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

in respect of
\n tax withheld at source to income derived on or after I January in the year next
\n following that in which the notice of termination is
\n given;<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

(b)<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

in respect of
\n other taxes on income and on capital, for taxable years beginning on or after 1 January
\n in the year next following that in which the notice of termination is
\n given.<\/span><\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/span><\/span><\/span><\/span><\/p>\n

IN WITNESS WHEREOF the undersigned, duly authorized thereto, have
\n signed this Agreement.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

 <\/span><\/span><\/span><\/span><\/p>\n

DONE at Jakarta this day of 13 Oktober 2005 duplicate, in the
\n Indonesian, Armenian and English languages, the texts being equally authentic. In case of
\n divergence of interpretation, the English text shall
\n prevail.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

 <\/span><\/span><\/span><\/span><\/p>\n\n\n\n
\n

For the
\n Government of The Republic of Indonesia<\/span><\/span><\/span><\/span><\/p>\n

 <\/p>\n

Signed<\/span><\/span><\/span><\/span><\/p>\n

 <\/p>\n

N.
\n HASSAN WIRAJUDA<\/span><\/span><\/span><\/span><\/p>\n

Minister for Foreign Affairs<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

For the
\n Government of The Republic of Armenia<\/span><\/span><\/span><\/span><\/p>\n

 <\/p>\n

Signed<\/span><\/span><\/span><\/span><\/p>\n

 <\/p>\n

VARTAN
\n OSKANIAN<\/span><\/span><\/span><\/span><\/p>\n

Minister for Foreign Affairs<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/span><\/span><\/span><\/span><\/p>\n

PROTOCOL<\/span><\/span><\/b><\/span><\/span><\/span><\/span><\/p>\n

 <\/p>\n

At the moment of signing the Agreement between the Government of the
\n Republic of Indonesia and the Government of the Republic of Armenia for the A voidance of
\n Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and on
\n Capital, the undersigned have agreed that the following provisions shall form an integral part
\n of the Agreement.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

 <\/span><\/span><\/span><\/span><\/p>\n\n\n\n\n\n\n\n
\n

1.<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Ad
\n Article 5,paragraph 5 (c): “It is understood that manufacturing or processing goods means
\n any activities that change their nature or character”.\u201c<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

2.<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Ad
\n Article 7: “Notwithstanding the provision of paragraph 3 of Article 25 of the Agreement
\n where a company which is a resident of a Contracting State has a permanent establishment
\n in the other Contracting State, the profits of the permanent establishment may be
\n subjected to an additional tax in that other State in accordance with its law, but the
\n additional tax so charged shall not exceed 10 per cent of the amount of such profit
\n after deducting there from income tax and other taxes on income imposed thereon in that
\n other State”.<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

3.<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Ad
\n Article 10: “The provision of the preceding paragraph of this Article shall not affect the
\n provision contained in any production sharing contracts and contracts of work (or any
\n other similar contracts) relating to oil and gas sector or other mining sector concluded
\n by the Government of Indonesia, its instrumentality, its relevant state oil and gas
\n company or any other entity thereof with a person who is a resident of the other
\n Contracting State”.<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

4.<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Ad
\n Article 9, paragraph 3: “A Contracting State shall not change the profits of an enterprise
\n in the circumstances referred to in paragraph 2 after the expiry of the time limits
\n provided in its tax laws”.<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

\n

5.<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

Ad
\n Article 16: “The remuneration which a person to whom this Article applies derives from the
\n company in respect of the discharge of day-to-day functions of a managerial or technical
\n nature may be taxed in accordance with the provisions of Article
\n 15”.<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/span><\/span><\/span><\/span><\/p>\n

DONE at Jakarta this day of 13 Oktober 2005  in duplicate, in
\n the Indonesian, Armenian and English languages, the texts being equally authentic. In case of
\n divergence of interpretation, the English text shall
\n prevail.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n

 <\/span><\/span><\/span><\/span><\/p>\n\n\n\n
\n

For the
\n Government of The Republic of Indonesia<\/span><\/span><\/span><\/span><\/p>\n

 <\/p>\n

Signed<\/span><\/span><\/span><\/span><\/p>\n

 <\/p>\n

N.
\n HASSAN WIRAJUDA<\/span><\/span><\/span><\/span><\/p>\n

Minister for Foreign Affairs<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n

\n

For the
\n Government of The Republic of Armenia<\/span><\/span><\/span><\/span><\/p>\n

 <\/p>\n

Signed<\/span><\/span><\/span><\/span><\/p>\n

 <\/p>\n

VARTAN
\n OSKANIAN<\/span><\/span><\/span><\/span><\/p>\n

Minister for Foreign Affairs<\/span><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n","protected":false},"excerpt":{"rendered":"

AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF INDONESIA AND THE GOVERNMENT OF THE REPUBLIC OF ARMENIA FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF  FISCAL EVASION WITH RESPECT TO TAXES ON INCOME AND ON CAPITAL The Government of the Republic of Indonesia and the Government of the Republic of Armenia. DESIRING to […]<\/p>\n","protected":false},"author":1,"featured_media":58,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\nArmenia - Indonesia Tax Treaty Countries List<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/investinasia.id\/education\/tax-treaty\/armenia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Armenia - Indonesia Tax Treaty Countries List\" \/>\n<meta property=\"og:description\" content=\"AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF INDONESIA AND THE GOVERNMENT OF THE REPUBLIC OF ARMENIA FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF  FISCAL EVASION WITH RESPECT TO TAXES ON INCOME AND ON CAPITAL The Government of the Republic of Indonesia and the Government of the Republic of Armenia. DESIRING to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/investinasia.id\/education\/tax-treaty\/armenia\/\" \/>\n<meta property=\"og:site_name\" content=\"Indonesia Tax Treaty Countries List\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-30T08:08:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/investinasia.id\/education\/tax-treaty\/wp-content\/uploads\/2025\/09\/am.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"tax-treaty\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"tax-treaty\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"42 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/armenia\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/armenia\\\/\"},\"author\":{\"name\":\"tax-treaty\",\"@id\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/#\\\/schema\\\/person\\\/59c6a9df910a745215faa4ea606ccadf\"},\"headline\":\"Armenia\",\"datePublished\":\"2025-09-30T08:08:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/armenia\\\/\"},\"wordCount\":8060,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/armenia\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/am.webp\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/armenia\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/armenia\\\/\",\"url\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/armenia\\\/\",\"name\":\"Armenia - Indonesia Tax Treaty Countries List\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/armenia\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/armenia\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/am.webp\",\"datePublished\":\"2025-09-30T08:08:19+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/armenia\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/armenia\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/armenia\\\/#primaryimage\",\"url\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/am.webp\",\"contentUrl\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/am.webp\",\"width\":2560,\"height\":1280},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/armenia\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Armenia\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/#website\",\"url\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/\",\"name\":\"Indonesia Tax Treaty Countries List\",\"description\":\"Find out the full list of countries that entered into a tax treaty with Indonesia here.\",\"publisher\":{\"@id\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/#organization\",\"name\":\"Indonesia Tax Treaty Countries List\",\"url\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/logo-iia-dark.webp\",\"contentUrl\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/logo-iia-dark.webp\",\"width\":1600,\"height\":430,\"caption\":\"Indonesia Tax Treaty Countries List\"},\"image\":{\"@id\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/#\\\/schema\\\/person\\\/59c6a9df910a745215faa4ea606ccadf\",\"name\":\"tax-treaty\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9ca67ce559dca519db131941b706e036c85cbca469cad6875d85e3696764a31b?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9ca67ce559dca519db131941b706e036c85cbca469cad6875d85e3696764a31b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9ca67ce559dca519db131941b706e036c85cbca469cad6875d85e3696764a31b?s=96&d=mm&r=g\",\"caption\":\"tax-treaty\"},\"sameAs\":[\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\"],\"url\":\"https:\\\/\\\/investinasia.id\\\/education\\\/tax-treaty\\\/author\\\/tax-treaty\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Armenia - Indonesia Tax Treaty Countries List","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/investinasia.id\/education\/tax-treaty\/armenia\/","og_locale":"en_US","og_type":"article","og_title":"Armenia - Indonesia Tax Treaty Countries List","og_description":"AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF INDONESIA AND THE GOVERNMENT OF THE REPUBLIC OF ARMENIA FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF  FISCAL EVASION WITH RESPECT TO TAXES ON INCOME AND ON CAPITAL The Government of the Republic of Indonesia and the Government of the Republic of Armenia. DESIRING to […]","og_url":"https:\/\/investinasia.id\/education\/tax-treaty\/armenia\/","og_site_name":"Indonesia Tax Treaty Countries List","article_published_time":"2025-09-30T08:08:19+00:00","og_image":[{"width":2560,"height":1280,"url":"https:\/\/investinasia.id\/education\/tax-treaty\/wp-content\/uploads\/2025\/09\/am.webp","type":"image\/webp"}],"author":"tax-treaty","twitter_card":"summary_large_image","twitter_misc":{"Written by":"tax-treaty","Est. reading time":"42 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/investinasia.id\/education\/tax-treaty\/armenia\/#article","isPartOf":{"@id":"https:\/\/investinasia.id\/education\/tax-treaty\/armenia\/"},"author":{"name":"tax-treaty","@id":"https:\/\/investinasia.id\/education\/tax-treaty\/#\/schema\/person\/59c6a9df910a745215faa4ea606ccadf"},"headline":"Armenia","datePublished":"2025-09-30T08:08:19+00:00","mainEntityOfPage":{"@id":"https:\/\/investinasia.id\/education\/tax-treaty\/armenia\/"},"wordCount":8060,"commentCount":0,"publisher":{"@id":"https:\/\/investinasia.id\/education\/tax-treaty\/#organization"},"image":{"@id":"https:\/\/investinasia.id\/education\/tax-treaty\/armenia\/#primaryimage"},"thumbnailUrl":"https:\/\/investinasia.id\/education\/tax-treaty\/wp-content\/uploads\/2025\/09\/am.webp","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/investinasia.id\/education\/tax-treaty\/armenia\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/investinasia.id\/education\/tax-treaty\/armenia\/","url":"https:\/\/investinasia.id\/education\/tax-treaty\/armenia\/","name":"Armenia - Indonesia Tax Treaty Countries List","isPartOf":{"@id":"https:\/\/investinasia.id\/education\/tax-treaty\/#website"},"primaryImageOfPage":{"@id":"https:\/\/investinasia.id\/education\/tax-treaty\/armenia\/#primaryimage"},"image":{"@id":"https:\/\/investinasia.id\/education\/tax-treaty\/armenia\/#primaryimage"},"thumbnailUrl":"https:\/\/investinasia.id\/education\/tax-treaty\/wp-content\/uploads\/2025\/09\/am.webp","datePublished":"2025-09-30T08:08:19+00:00","breadcrumb":{"@id":"https:\/\/investinasia.id\/education\/tax-treaty\/armenia\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/investinasia.id\/education\/tax-treaty\/armenia\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/investinasia.id\/education\/tax-treaty\/armenia\/#primaryimage","url":"https:\/\/investinasia.id\/education\/tax-treaty\/wp-content\/uploads\/2025\/09\/am.webp","contentUrl":"https:\/\/investinasia.id\/education\/tax-treaty\/wp-content\/uploads\/2025\/09\/am.webp","width":2560,"height":1280},{"@type":"BreadcrumbList","@id":"https:\/\/investinasia.id\/education\/tax-treaty\/armenia\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/investinasia.id\/education\/tax-treaty\/"},{"@type":"ListItem","position":2,"name":"Armenia"}]},{"@type":"WebSite","@id":"https:\/\/investinasia.id\/education\/tax-treaty\/#website","url":"https:\/\/investinasia.id\/education\/tax-treaty\/","name":"Indonesia Tax Treaty Countries List","description":"Find out the full list of countries that entered into a tax treaty with Indonesia here.","publisher":{"@id":"https:\/\/investinasia.id\/education\/tax-treaty\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/investinasia.id\/education\/tax-treaty\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/investinasia.id\/education\/tax-treaty\/#organization","name":"Indonesia Tax Treaty Countries List","url":"https:\/\/investinasia.id\/education\/tax-treaty\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/investinasia.id\/education\/tax-treaty\/#\/schema\/logo\/image\/","url":"https:\/\/investinasia.id\/education\/tax-treaty\/wp-content\/uploads\/2025\/09\/logo-iia-dark.webp","contentUrl":"https:\/\/investinasia.id\/education\/tax-treaty\/wp-content\/uploads\/2025\/09\/logo-iia-dark.webp","width":1600,"height":430,"caption":"Indonesia Tax Treaty Countries List"},"image":{"@id":"https:\/\/investinasia.id\/education\/tax-treaty\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/investinasia.id\/education\/tax-treaty\/#\/schema\/person\/59c6a9df910a745215faa4ea606ccadf","name":"tax-treaty","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9ca67ce559dca519db131941b706e036c85cbca469cad6875d85e3696764a31b?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9ca67ce559dca519db131941b706e036c85cbca469cad6875d85e3696764a31b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9ca67ce559dca519db131941b706e036c85cbca469cad6875d85e3696764a31b?s=96&d=mm&r=g","caption":"tax-treaty"},"sameAs":["https:\/\/investinasia.id\/education\/tax-treaty"],"url":"https:\/\/investinasia.id\/education\/tax-treaty\/author\/tax-treaty\/"}]}},"_links":{"self":[{"href":"https:\/\/investinasia.id\/education\/tax-treaty\/wp-json\/wp\/v2\/posts\/339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investinasia.id\/education\/tax-treaty\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investinasia.id\/education\/tax-treaty\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investinasia.id\/education\/tax-treaty\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/investinasia.id\/education\/tax-treaty\/wp-json\/wp\/v2\/comments?post=339"}],"version-history":[{"count":1,"href":"https:\/\/investinasia.id\/education\/tax-treaty\/wp-json\/wp\/v2\/posts\/339\/revisions"}],"predecessor-version":[{"id":345,"href":"https:\/\/investinasia.id\/education\/tax-treaty\/wp-json\/wp\/v2\/posts\/339\/revisions\/345"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investinasia.id\/education\/tax-treaty\/wp-json\/wp\/v2\/media\/58"}],"wp:attachment":[{"href":"https:\/\/investinasia.id\/education\/tax-treaty\/wp-json\/wp\/v2\/media?parent=339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investinasia.id\/education\/tax-treaty\/wp-json\/wp\/v2\/categories?post=339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investinasia.id\/education\/tax-treaty\/wp-json\/wp\/v2\/tags?post=339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}