Common use of Bilateral Taxation Arrangements Clause in Contracts

Bilateral Taxation Arrangements. 1. The Parties shall review their bilateral taxation arrangements,11 having regard to mutual economic objectives and international taxation standards. 2. Within the relevant committees to be established in accordance with this Agreement, and subject to available resources, Australia and China shall cooperate on matters relating to trade in TCM services. 3. Cooperation identified in paragraph 2 shall: 11 These arrangements include the Agreement between the Government of the People’s Republic of China and the Government of Australia for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income, done at Canberra on 17 November 1988. (a) include exchanging information, where appropriate, and discussing policies, regulations and actions related to TCM services; and (b) encourage future collaboration between regulators, registration authorities and relevant professional bodies of the Parties to facilitate trade in TCM and complementary medicines, in a manner consistent with all relevant regulatory frameworks. Such collaboration, involving the competent authorities of both Parties – for Australia, notably the Department of Health, and for China the State Administration of Traditional Chinese Medicine – will xxxxxx concrete cooperation and exchanges relating to TCM. ANNEX 8-A Environmental services (CPC 9401-9406, 9409) Construction and related engineering services (CPC 512, 514, 516 and 517) Services incidental to forestry (CPC 8814) The commitment is limited to preferential treatment accorded to members of the Organization for Economic Cooperation and Development (“OECD”) Engineering services (CPC 8672) Integrated engineering services (CPC 8673) Computer and related services (CPC841, 842, 843, 844, 845 and 849) Tourism and travel related services (CPC 641, 642, 643, 7471 and 7472) Related scientific and technical consulting services (CPC 8675, excluding the services related to national security) Securities services Education services (excluding national compulsory education and special education services e.g. military, police, political and party school education) ANNEX 8-B FINANCIAL SERVICES ARTICLE 1: SCOPE 1. This Annex provides for measures additional to Chapter 8 (Trade in Services) in relation to financial services. 2. This Annex applies to measures affecting the supply of financial services. Reference to the supply of a financial service in this Annex shall mean the supply of a financial service: (a) from the territory of a Party into the territory of the other Party; (b) in the territory of a Party to the service consumer of the other Party; (c) by a service supplier of a Party, through commercial presence in the territory of the other Party; or (d) by a service supplier of a Party, through presence of natural persons of that Party in the territory of the other Party.

Bilateral Taxation Arrangements. 1. The Parties shall review their bilateral taxation arrangements,11 arrangements,†††† having regard to mutual economic objectives and international taxation standards. 2. Within the relevant committees to be established in accordance with this Agreement, and subject to available resources, Australia and China shall cooperate on matters relating to trade in TCM services. 3. Cooperation identified in paragraph 2 shall: 11 These arrangements include the Agreement between the Government of the People’s Republic of China and the Government of Australia for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income, done at Canberra on 17 November 1988.: (a) include exchanging information, where appropriate, and discussing policies, regulations and actions related to TCM services; and (b) encourage future collaboration between regulators, registration authorities and relevant professional bodies of the Parties to facilitate trade in TCM and complementary medicines, in a manner consistent with all relevant regulatory frameworks. Such collaboration, involving the competent authorities of both Parties – for Australia, notably the Department of Health, and for China the State Administration of Traditional Chinese Medicine – will xxxxxx concrete cooperation and exchanges relating to TCM. ANNEX Annex 8-A Environmental services (CPC 9401-9406, 9409) Construction and related engineering services (CPC 512, 514, 516 and 517) Services incidental to forestry (CPC 8814) The commitment is limited to preferential treatment accorded to members of the Organization for Economic Cooperation and Development (“OECD”) Engineering services (CPC 8672) Integrated engineering services (CPC 8673) Computer and related services (CPC841, 842, 843, 844, 845 and 849) Tourism and travel related services (CPC 641, 642, 643, 7471 and 7472) Related scientific and technical consulting services (CPC 8675, excluding the services related to national security) Securities services Education services (excluding national compulsory education and special education services e.g. military, police, political and party school education) ANNEX 8-B FINANCIAL SERVICES ARTICLE 1: SCOPE 1. This Annex provides for measures additional to Chapter 8 (Trade in Services) in relation to financial services. 2. This Annex applies to measures affecting the supply of financial services. Reference to the supply of a financial service in this Annex shall mean the supply of a financial service: (a) from the territory of a Party into the territory of the other Party; (b) in the territory of a Party to the service consumer of the other Party; (c) by a service supplier of a Party, through commercial presence in the territory of the other Party; or (d) by a service supplier of a Party, through presence of natural persons of that Party in the territory of the other Party.)

Bilateral Taxation Arrangements. 1. The Parties shall review their bilateral taxation arrangements,11 having regard to mutual economic objectives and international taxation standards. 2. Within the relevant committees to be established in accordance with this Agreement, and subject to available resources, Australia and China shall cooperate on matters relating to trade in TCM services. 3. Cooperation identified in paragraph 2 shall: 11 These arrangements include the Agreement between the Government of the People’s Republic of China and the Government of Australia for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income, done at Canberra on 17 November 1988. (a) include exchanging information, where appropriate, and discussing policies, regulations and actions related to TCM services; and (b) encourage future collaboration between regulators, registration authorities and relevant professional bodies of the Parties to facilitate trade in TCM and complementary medicines, in a manner consistent with all relevant regulatory frameworks. Such collaboration, involving the competent authorities of both Parties – for Australia, notably the Department of Health, and for China the State Administration of Traditional Chinese Medicine – will xxxxxx concrete cooperation and exchanges relating to TCM. ANNEX 8-A Environmental services (CPC 9401-9406, 9409) Construction and related engineering services (CPC 512, 514, 516 and 517) Services incidental to forestry (CPC 8814) The commitment is limited to preferential treatment accorded to members of the Organization for Economic Cooperation and Development (“OECD”) Engineering services (CPC 8672) Integrated engineering services (CPC 8673) Computer and related services (CPC841, 842, 843, 844, 845 and 849) Tourism and travel related services (CPC 641, 642, 643, 7471 and 7472) Related scientific and technical consulting services (CPC 8675, excluding the services related to national security) Securities services Education services (excluding national compulsory education and special education services e.g. military, police, political and party school education) ANNEX 8-B FINANCIAL SERVICES ARTICLE SERVICES Article 1: SCOPEScope 1. This Annex provides for measures additional to Chapter 8 (Trade in Services) in relation to financial services. 2. This Annex applies to measures affecting the supply of financial services. Reference to the supply of a financial service in this Annex shall mean the supply of a financial service: (a) from the territory of a Party into the territory of the other Party; (b) in the territory of a Party to the service consumer of the other Party; (c) by a service supplier of a Party, through commercial presence in the territory of the other Party; or (d) by a service supplier of a Party, through presence of natural persons of that Party in the territory of the other Party.