(a) royalties are paid to a person established in a contracting state or territory (excluding Australia) for the purpose of an agreement; and (b) that the licensee or authorized person be established in a country (except Australia) or in an area (other than Australia) whose residents are subject to the agreement; and if the choice is made in paragraph 5, the person would be taken to the United States to alienate participation immediately prior to the hiring of a residence in Australia under Australian tax law. The provisions of the Convention would then help to ensure an adequate exemption from double taxation. A relief of the charge may not be necessary, as it is unlikely that the United States will tax a non-resident resident on the assignment of a foreign (Australian) asset notice unless that person is a U.S. citizen. The United States could tax the profit after the change of residence on the subsequent sale of the interest. (2A) After the beginning of this subsection, a reference in an agreement to equity income or income from other beneficial rights does not refer to a return on a borrowing interest (in the sense of subsection 974-B of the Income Tax Act 1997). Note 2: Some current agreements are authorized by other provisions of this act with the law. 3. For the purposes of the assessment act and Article 22 of the Taipei Agreement, revenues, profits or profits may be taxed on Australian territory: (c) in accordance with Articles 6 to 8, 10 to 17 and 19 to 21 of the agreement; 3. Where a tax credit amount is to be considered a predictable income of a taxpayer in accordance with Article 10, paragraph 7 of the Danish Convention: 4.45 tax treaties reduce or abolish double taxation because of the overlap of tax jurisdictions, because contractors agree (in some situations) to limit tax duties to different types of income.
The countries concerned also agree on methods of reducing double taxation, in which both countries are entitled to tax. May 1996 in Canberra. A copy of this agreement and the schedule is listed in Schedule 1. The British Virgin Islands Agreement refers to the agreement reached in London on 27 October 2008 between the Australian government and the Government of the British Virgin Islands regarding the granting of tax duties on certain personal incomes.