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of <h1>India-Macao Double Tax Avoidance Agreement Covers Central, Local Taxes; Future Similar Taxes Also Included.</h1> The statutory provision outlines the taxes covered under the Double Tax Avoidance Agreement (DTAA) between India and Macao. It specifies that in India, the agreement covers all taxes imposed by the Central Government, political sub-divisions, or local authorities, while in Macao, it covers all taxes imposed by the Macao Special Administrative Region. The agreement extends to any identical or substantially similar taxes introduced after its enforcement, subject to mutual agreement between the contracting parties. The competent authorities must notify each other of any significant changes to the taxation measures covered by the agreement.
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