Part IV. Items of General Interest

China Professors and Teachers MAP Agreement

Announcement 2011–18

The following is a copy of the Competent Authority Agreement entered into on November 24, 2010, by the competent authorities of the United States of America and the People’s Republic of China with respect to the taxation of professors and teachers under the U.S.-China income tax treaty and protocol.

The text of the Competent Authority Agreement is as follows:

COMPETENT AUTHORITY AGREEMENT REGARDING

THE INTERPRETATION OF ARTICLE 19 OF THE AGREEMENT BETWEEN THE GOVERNMENT OF THE UNITED STATES OF AMERICA

AND THE GOVERNMENT OF THE PEOPLE’S REPUBLIC OF CHINA FOR THE AVOIDANCE

OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL

EVASION WITH RESPECT TO

TAXES ON INCOME

The competent authorities of the United States and the People’s Republic of China hereby enter into the following agreement (the “Agreement”) regarding the application of Article 19 (Professors and Teachers) of the Agreement Between the Gov

ernment of the United States of America and the Government of the People’s Republic of China for the Avoidance of Double Taxation and the Prevention of Tax Evasion with Respect to Taxes on Income and accompanying Protocol, signed at Beijing on April 30, 1984, as amended by the Protocol signed at Beijing on May 10, 1986 (the “Treaty”). The Agreement is entered into under paragraph 3 of Article 24 (Mutual Agreement Procedure).