Taxes on income: treaty defines covered taxes including gains and requires notification of significant tax-law changes. The DTAA applies to taxes on income imposed by a Contracting State or its subdivisions, covering taxes on total income or elements of income, including ... Summary
Taxes on income: treaty defines covered taxes including gains and requires notification of significant tax-law changes.
The DTAA applies to taxes on income imposed by a Contracting State or its subdivisions, covering taxes on total income or elements of income, including gains from alienation. It lists existing taxes as examples-the Indian income-tax (including surcharge) and Latvia's enterprise and personal income taxes-and extends to identical or substantially similar taxes enacted later. Competent authorities must notify each other of significant changes in taxation laws.
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