Note: This Treaty may be impacted by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI). MLI impact on Tax Treaties is available with the Orbitax International Tax Research & Compliance Expert.
*ARTICLE 25
Income from Hydrocarbons and Natural Resources
Nothing in this Agreement shall affect the right of either one of the Contracting States, or of any of their local Governments or political subdivisions thereof to apply their domestic laws and regulations related to the taxation of income and profits derived from hydrocarbons, natural resources and associated activities situated in the territory of the respective Contracting State, as the case may be.