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Treasurer's Press Release No. 070 of 2007 - New Income Tax Convention Between Australia and Japan


Friday, 3 August 2007

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"New Income Tax Convention Between Australia and Japan"

The Treasurer announced that Australia and Japan had reached an agreement in principle on a new income tax treaty to replace the existing Agreement. After the governments of the two countries have completed the necessary procedures, the proposed new treaty will be signed and become ready for submission to the respective parliaments.

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Strengthening Economic Ties with Japan - 17/11/2006
The Australian Treasurer and Japanese Minister of Finance have agreed that officials from their Departments should commence necessary preparations for formal discussions to revise our current tax treaty.

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