Income from immovable property may be taxed in the State where the property is situated under the tax treaty.

Income derived by a resident from immovable property situated in the other Contracting State may be taxed in the State where the property is located, including income from agriculture and forestry; the term immovable property is defined by the law of the State where the property is situated. The rule applies to income from direct use, letting, or other use of immovable property and extends to enterprise property and property used to perform independent personal services.

---

---

---