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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 12

Government Income

The Government of one of the Contracting States shall be exempt from tax in the other Contracting State in respect of any income derived from the other Contracting State.