Article 3 - TAXES COVERED - Argentine (Argentina)

ARTICLE 3 TAXES COVERED 1. The taxes which are the subject of this Agreement are: (a) in India, taxes of every kind and description imposed by the Central Government or the Governments of political subdivisions or local authorities, irrespective of the manner in which they are levied; (b) in Argentina, (i) income tax; (ii) value added tax; (iii) personal assets tax (bienes personales); (iv) tax on presumptive minimum income (ganancias minima presunta); (v) excise tax; and (vi) tax on financial transactions. 2. This Agreement shall also apply to any identical or substantially similar taxes imposed after the date of signature of this Agreement in addition to, or in place of, the existing taxes. The competent authorities of the Contracting Parties shall notify each other of any substantial changes to the taxation and related information gathering measures and assistance in collection measures which may affect the obligations of that Party pursuant to this Agreement.