Tax treaty scope: defines income taxes covered and future similar taxes, with petroleum production tax exception applying. Article 2 treats income-tax as the covered tax in each Contracting State, including any surcharge in the Indian tax category, and extends coverage to ... Summary
Tax treaty scope: defines income taxes covered and future similar taxes, with petroleum production tax exception applying.
Article 2 treats income-tax as the covered tax in each Contracting State, including any surcharge in the Indian tax category, and extends coverage to identical or substantially similar taxes introduced later; competent authorities must notify each other of significant tax law changes. It excludes tax paid or payable under the Malta provision equivalent to subsection (11) of section 31 on chargeable income from petroleum production, and any substantially similar subsequent provision.
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