Tax coverage clarifies which national taxes and future equivalent levies are subject to the agreement and mutual notification.

The Agreement applies, in India, to all taxes imposed by the Central Government irrespective of levy method, and, in the Isle of Man, to taxes on income or profit. It also extends to identical or substantially similar taxes enacted after signature and allows expansion or modification of covered taxes by exchange of letters. Competent authorities must notify each other of substantial changes in taxation or information gathering measures that could affect obligations under the Agreement.

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