1426 H. THE CABINET APPROVED THE DRAFT AGREEMENT BETWEEN THE GOVERNMENT OF THE KINGDOM OF SAUDI ARABIA AND THE GOVERNMENT OF THE REPUBLIC OF INDIA ON PREVENTING DUAL TAXATION ON INCOME AND TAX EVASION, AND ITS ANNEXED PROTOCOL WHICH WAS SIGNED IN NEW DELHI ON JANUARY 25, 2006. ACCORDING TO THE AGREEMENT, THE INCOME EARNED BY AN EXPATRIATE IN THE OTHER PARTY OF THE AGREEMENT INCLUDING THE NON-TRANSFERABLE PROPERTIES IN THE OTHER CONTRACTING COUNTRY IS SUBJECT TO TAXATION IN THAT OTHER COUNTRY. ALSO PROFITS LEVIED FOR A PROJECT AFFILIATED TO A CONTRACTING COUNTRY INCLUDING THE OPERATION OF VESSELS OR PLANES IN THE INTERNATIONAL TRAFFIC IS SUBJECT TO TAXATION ONLY IN THE CONTRACTING COUNTRY. UPON RECOMMENDATIONS OF THE MINISTER OF WATER AND ELECTRICITY, WHO IS ALSO CHAIRMAN OF THE BOARD OF DIRECTORS OF THE COMMISSION FOR ORGANIZING ELECTRICITY AND DUAL PRODUCTION, THE CABINET FORMED A COMMITTEE FOR SETTLING DISPUTES UNDER THE CHAIRMANSHIP OF DR. MOHAMMED BIN ABDULLAH BIN MOHAMMED ALMARZOQI, AND MEMBERSHIP OF DR. SAMIR BIN ALWAN BIN HASAN ALBAYAT; YOUSEF BIN MOHAMMED BIN ABDULLAH ALMUBARAK; DR. ANWAR BIN HASAN BIN ALI MUFTI; FAHD BIN MOHAMMED BIN SALEH AL-ISA; AND DR. AYOUB BIN MANSOUR BIN ALI ALJARBOO'A.
