China (tax/treaty)

Termination 1. This Agreement shall remain in force indefinitely but either of the Contracting States may terminate this Agreement through diplomatic channels, by giving to the other Contracting State written notice of termination not later than 30 June of any calendar year starting five years after the year in which this Agreement entered into force. 2. In such event, this Agreement shall cease to have effect: In respect of taxes withheld at source to amount paid on or after the first day of January of the calendar year next following that in which the notice is given; in respect of other taxes for any taxable year beginning on or after the first day of January of the calendar year next following that in which the notice is given. IN WITNESS WHEREOF the undersigned, duly authorised thereto, have signed this Agreement. DONE in Beijing on the 23rd day of January, 2006 in duplicate, each in the Arabic, Chinese and English languages, all texts being equally authentic. In case of divergence of interpretation, the English text shall prevail. PROTOCOL At the moment of signing the Agreement for the Avoidance of Double Taxation and the Prevention of Tax Evasion with respect to Taxes on Income and on Capital, this day concluded between the Government of the Kingdom of Saudi Arabia and the Government of the People's Republic of China, the undersigned have agreed that the following provisions shall form an integral part of the Agreement. = 1 \* ROMAN I. Ad Article 7 The term "business profits" includes, but is not limited to, income derived from manufacturing, mercantile, banking, insurance and the furnishing of services. However, income derived from independent personal services will be dealt with according to the provisions of Article 14. Each Contracting State shall apply its domestic law with regard to insurance activities. = 2 \* ROMAN II. Ad Article 24 1. In the case of the Kingdom of Saudi Arabia, the methods for elimination of double taxation will not prejudice the provisions of the Zakat collection regime as regards the Saudi nationals. IN WITNESS WHEREOF the undersigned, duly authorised thereto, have signed this Protocol. DONE in Beijing on the 23rd day of January, 2006 in duplicate, each in the Arabic, Chinese and English languages,all texts being equally authentic. In case of divergence of interpretation, the English text shall prevail.