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 30
Income of Government and Institutions
The federal or local Government and their financial institutions of one of the Contracting States shall be exempt from tax in the other Contracting State in respect of any income, capital gains, dividends, interest, royalties and management fees derived by such federal or local Government or their financial institutions from that other Contracting State, except income from hydrocarbon, other mineral resources and its associated activities as stated in Article 3.