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 5
Income from Hydrocarbons
No provisions of this Agreement shall affect the right of either one of the Contracting States or of any of their local Governments, or local authorities thereof to apply their domestic laws and regulations related to the taxation of income and profits derived from hydrocarbons and its associated products situated in the territory of the respective Contracting State, as the case may be.