Article 1 - Persons Covered - Macedonia

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION NO. 94/2015 (INCOME TAX) New Delhi, the 21 st December, 2015 S.O. 3499(E) - Whereas, an Agreement was entered into between the Government of the Republic of India and the Government of the Republic of Macedonia for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income that was signed at Delhi on the 17th December, 2013 as set out in the Annexure to this notification (hereinafter referred to as the said Agreement): And whereas, the date of enter into force of the said Agreement is the 12th September, 2014. being the date of the later of the notifications of completion of the procedures as required by the respective laws for entry into force of the said Agreement, in accordance with paragraph 1 of Article 30 of the said Agreement; And whereas, clause (a) of paragraph 3 of Article 30 of the said Agreement provides that the provisions of the said Agreement shall have effect in India in respect of taxes withheld at source, to income paid or credited on or after the first day of April of the calendar year next following the year in which the said Agreement enters into force, and in respect of other taxes on income chargeable for any fiscal year beginning on or after the first day of April of the calendar year next following the year in which the said Agreement enters into force. Now, therefore, in exercise of the powers conferred by section 90 of the Income-tax Act, 1961 (43 of 1961) . the Central Government hereby directs that all the provisions of the said Agreement between the Government of the Republic of India and the Government of the Republic of Macedonia for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. as set out in the Annexure hereto, shall be given effect to in the Union of India from the first day of April, 2015 being the first day of the fiscal year next following the year in which the said Agreement entered into force. [Notification No. 94/2015/ F. No. 503/08/2004-FTD-I] AKHILESH RANJAN, Jt. Secy. ANNEXURE AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF INDIA AND THE GOVERNMENT OF THE REPUBLIC OF MACEDONIA FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME The Government of the Republic of India and the Government of the Republic of Macedonia, desiring to conclude an Agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and with a view to promoting economic cooperation between the two countries, have agreed as follows: Article 1 PERSONS COVERED This Agreement shall apply to persons who are residents of one or both of the Contracting States.