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of <h1>Tax Treaty Expands Global Revenue Collaboration, Enabling Flexible Multilateral Taxation Frameworks with Mutual Consent Provisions</h1> The provisions for taxes covered under a multilateral and bilateral tax agreement. It applies to various taxes including income, capital, net wealth, and estate taxes imposed by contracting parties. The agreement can be extended to cover identical or substantially similar taxes after its entry into force, with mutual consent of the parties. The scope of taxes can be expanded or modified through an exchange of letters, with parties required to notify each other of significant taxation changes.
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