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Note: This Treaty may be impacted by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI). MLI impact on Tax Treaties is available with the Orbitax International Tax Research & Compliance Expert.

ARTICLE 2

Taxes Covered

(1) This Convention shall apply to taxes on income imposed on behalf of a Contracting State or of its political sub-divisions or local authorities irrespective of the manner in which they are levied.

(2) There shall be regarded as taxes on income all taxes imposed on total income or on elements of income including taxes on gains from the alienation of movable or immovable property, taxes on the total amounts of wages or salaries paid by enterprises, as well as taxes on capital appreciation.

(3) The existing taxes which are the subject of this Convention are:

  • (a) in the case of Trinidad and Tobago:
    • (i) the corporation tax;
    • (ii) the income tax;
    • (iii) the unemployment levy; and
    • (iv) the petroleum profits tax;
  • (hereinafter referred to as "Trinidad and Tobago tax");
  • (b) in the case of India:
    • (i) the income tax;
  • including any surcharge thereon;
  • (hereinafter referred to as "Indian tax").

(4) This Convention shall apply also to any identical or substantially similar taxes which are imposed by a Contracting State after the date of signature of this Convention in addition to, or in place of the taxes referred to in paragraph 3. The competent authorities of the Contracting States shall notify each other of any significant changes which have been made in their respective taxation laws.