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of <h1>India-Indonesia Tax Agreement Covers Income, Surtax, and Company Taxes; Notification Required for Future Tax Law Changes.</h1> The Agreement applies to specific taxes in India and Indonesia. In India, it covers the income tax, including surcharges under the Income Tax Act, 1961, and the surtax under the Companies (Profits) Surtax Act, 1964. In Indonesia, it includes the income tax under the Undang-undang Pajak Penghasilan 1964, company tax under the Ordanansi Pajak Perseroan 1925, and tax on interest, dividends, and royalties under the Undang-undang Pajak atas Bunga, Dividen dan Royalty 1970. The Agreement extends to any similar taxes imposed later, with both countries required to notify each other of significant changes in their tax laws.
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