Article 2 - Taxes covered - China

Article 2 Taxes covered 1. This Agreement 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, as well as taxes on capital appreciation. 3. The existing taxes to which the Agreement shall apply are : 1 [ (a) In China: (i) the individual income tax; (ii) the enterprise income tax; (hereinafter referred to as Chinese tax ). ] (b) in India; the income-tax including any surcharge thereon; (hereinafter referred to as Indian Tax ). 4. 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 existing taxes referred to in paragraph 3. The competent authorities of the Contracting States shall notify each other of any substantial changes which have been made in their respective taxation laws within a reasonable period of time after such changes. ***************** NOTES: - 1 . Substituted vide NOTIFICATION NO. 54/2019 dated 17-07-2019 before it was read as (a) in China : (i) the individual income-tax; (ii) the income-tax for enterprises with foreign investment and foreign enterprises; (iii) the local income-tax; (hereinafter referred to as Chinese Tax).