Taxes Covered: Convention defines taxable categories and mandates Depositary notification for changes and adoption of substantially similar taxes. The Convention applies to taxes on income or profits, separate taxes on capital gains, and taxes on net wealth, including taxes imposed by political sub ... Summary
Taxes Covered: Convention defines taxable categories and mandates Depositary notification for changes and adoption of substantially similar taxes.
The Convention applies to taxes on income or profits, separate taxes on capital gains, and taxes on net wealth, including taxes imposed by political sub divisions and compulsory social security contributions; existing applicable taxes are listed in Annex A. Parties must notify the Depositaries of changes to Annex A, effective the first day of the month after three months from receipt, and must notify the Depositary when adopting identical or substantially similar taxes so that those taxes also fall within the Convention's application.
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