Taxes on income: DTAA scope covers income taxes and substantially similar successor taxes, with mutual notification required. Article 2 provides that the Agreement covers taxes on income imposed on behalf of a Contracting State or its political subdivisions, including taxes on ... Summary
Taxes on income: DTAA scope covers income taxes and substantially similar successor taxes, with mutual notification required.
Article 2 provides that the Agreement covers taxes on income imposed on behalf of a Contracting State or its political subdivisions, including taxes on total income and elements of income such as gains from alienation. It lists the existing applicable taxes as the Indian income-tax (including surcharges) and Latvia's enterprise income tax and personal income tax. The Article further applies the Agreement to any identical or substantially similar taxes enacted after signature and obliges the competent authorities to notify each other of significant changes in tax law.
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