Taxes covered: treaty applies to specified domestic taxes and substantially similar future taxes with mutual notification. Article 2 lists covered taxes: in Australia the federal income tax and the resource rent tax on offshore petroleum projects; in India the income-tax ... Summary
Taxes covered: treaty applies to specified domestic taxes and substantially similar future taxes with mutual notification.
Article 2 lists covered taxes: in Australia the federal income tax and the resource rent tax on offshore petroleum projects; in India the income-tax including any surcharge and the surtax on company chargeable profits. The Agreement also applies to identical or substantially similar taxes introduced later, and obliges the competent authorities of the Contracting States to notify each other of substantial legislative changes relating to those taxes.
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