Article 1 - Taxes covered - People's Democratic Republic of Yemen [South Yemen]

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION Income-tax New Delhi, the 12th August, 1988 G.S.R. No. 857(E). Whereas the annexed Agreement between the Government of the Republic of India and the Government of the People s Democratic Republic of Yemen for the avoidance of double taxation of income derived from international air transport has entered into force on August 5, 1988, the date of signature thereon by the Contracting States, as required by Article 5 of the said Agreement. Now, therefore, in exercise of the powers conferred by section 90 of the Income-tax Act, 1961 (43 of 1961), and section 24A of the Companies (Profits) Surtax Act, 1964 (7 of 1964), the Central Government hereby directs that all the provisions of the said Agreement shall be given effect to in the Union of India. [F. No. 510/1/87-FTD/Notification No. 8070] P. K. APPACHOO, Jt. Secy. ANNEXURE AGREEMENT BETWEEN The Government of The Republic of India AND The Government of The People s Democratic Republic of Yemen FOR The Avoidance of Double Taxation of Income Derived From International Air Transport The Government of the Republic of India and the Government of the People s Democratic Republic of Yemen desiring to conclude an Agreement for the avoidance of double taxation of income derived from international air transport have agreed as follows: Article 1 TAXES COVERED 1. The existing taxes to which this Agreement shall apply are: (a) in the case of People s Democratic Republic of Yemen, the income-tax including surcharge thereon (hereinafter referred to as Yemeni Tax ); (b) in the case of India: (i) the income-tax including any surcharge thereon; (ii) the surtax (hereinafter referred to as Indian Tax ). 2. This Agreement shall also apply to any identical or substantially similar taxes which are imposed after the date of signature of this Agreement in addition to or in place of the taxes referred to in paragraph 1 of this Article. The competent authorities of the Contracting State shall notify each other of any substantial changes which are made in their respective taxation laws.