Taxes on income and capital: treaty covers current and substantially similar future taxes with mutual notification obligations. Article 2 limits the Agreement's application to taxes on income and on capital, including taxes on total income or capital and elements thereof (such as ... Summary
Taxes on income and capital: treaty covers current and substantially similar future taxes with mutual notification obligations.
Article 2 limits the Agreement's application to taxes on income and on capital, including taxes on total income or capital and elements thereof (such as gains from alienation and wages), lists the specific existing taxes in India and Luxembourg covered by the Agreement, and provides that identical or substantially similar taxes enacted later are also covered, with competent authorities required to notify each other of significant changes in taxation laws.
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