Taxes on income and capital: treaty confines application to income and capital taxes and similar future levies. The Convention applies to taxes on income and on capital imposed by a Contracting State or its subdivisions, including taxes on total income or capital ... Summary
Taxes on income and capital: treaty confines application to income and capital taxes and similar future levies.
The Convention applies to taxes on income and on capital imposed by a Contracting State or its subdivisions, including taxes on total income or capital and on elements of income or capital such as gains from alienation, payroll-type wage levies, and capital appreciation. It names existing domestic taxes as examples and extends to identical or substantially similar taxes introduced later, with a mutual notification obligation for substantial changes in taxation laws.
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