Taxes covered: scope includes income, capital, wealth and related taxes, with mutual expansion and notification obligations. Article 3 establishes that the Agreement applies to specified categories of taxes-income or profits, capital, net wealth, and estate, inheritance or gift taxes-and may include taxes of sub national authorities if listed in ratification instruments. Parties may agree to extend coverage to indirect taxes. The Agreement applies to identical taxes introduced later and to substantially similar taxes subject to competent authority agreement; covered taxes can be expanded or modified by mutual agreement, and competent authorities must notify each other of substantial changes to taxation and information gathering measures.
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 covered: scope includes income, capital, wealth and related taxes, with mutual expansion and notification obligations.
Article 3 establishes that the Agreement applies to specified categories of taxes-income or profits, capital, net wealth, and estate, inheritance or gift taxes-and may include taxes of sub national authorities if listed in ratification instruments. Parties may agree to extend coverage to indirect taxes. The Agreement applies to identical taxes introduced later and to substantially similar taxes subject to competent authority agreement; covered taxes can be expanded or modified by mutual agreement, and competent authorities must notify each other of substantial changes to taxation and information gathering measures.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
