Taxes on income: treaty covers income elements, gains and wages and requires mutual notification of tax law changes. The Agreement governs taxes on income imposed by a Contracting State or its subdivisions, covering taxes on total income and elements of income including gains from alienation and taxes on wages. It applies to specified existing taxes-India's income tax (including surcharge) and Korea's income tax, corporation tax, and special tax for rural development-and extends to identical or substantially similar taxes enacted after signature, with a requirement that competent authorities notify each other of significant changes in taxation laws.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Taxes on income: treaty covers income elements, gains and wages and requires mutual notification of tax law changes.
The Agreement governs taxes on income imposed by a Contracting State or its subdivisions, covering taxes on total income and elements of income including gains from alienation and taxes on wages. It applies to specified existing taxes-India's income tax (including surcharge) and Korea's income tax, corporation tax, and special tax for rural development-and extends to identical or substantially similar taxes enacted after signature, with a requirement that competent authorities notify each other of significant changes in taxation laws.
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