Oman Sultani Decree No. 94/1994 Agreement between the Sultanate of Oman and the Democratic Socialist Republic of Sri Lanka for the Avoidance of Double Taxation on Income Derived from International Air Transport

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The Government of the Sultanate of Oman and the Government of the Democratic Socialist Republic of Sri Lanka;

Desiring to conclude an Agreement for the avoidance of double taxation of income derived from international air transport;

Have agreed as follows:

Article 1 - Taxes Covered

  1. The taxes which are the subject of this Agreement are:

    • a) In the Democratic Social 1st Republic of Sri Lanka:

    • the Income Tax.

    • (hereinafter referred to as 'Sri Lanka Tax')

    • b) In the Sultanate of Oman:

      • i) the Company Income Tax;

      • ii) the Profit Tax on Commercial and Industrial establishments;

      • (hereinafter referred to as .'Omani tax')

  2. This Agreement shall also apply to any identical or substan­tially similar taxes which are imposed by either Contracting State after the date of signature of this Agreement in addi­tion to, or in place of, the taxes referred to in paragraph (1) of this Article.