Article 2 - Taxes Covered - Luxembourg

ARTICLE 2 TAXES COVERED 1. This Agreement shall apply to taxes on income and on capital imposed on behalf of a Contracting State or of its political subdivisions or local authorities, irrespective of the manner in which they are levied. 2. There shall be regarded as taxes on income and on capital all taxes imposed on total income, on total capital, or on elements of income or of capital, including taxes on gains from the alienation of movable or immovable property and taxes on the total amounts of wages or salaries paid by enterprises. 3. The existing taxes to which the Agreement shall apply are in particular: (a) in India, (i) the income-tax, including any surcharge thereon; and (ii) the wealth-tax, including any surcharge thereon (hereinafter referred to as Indian tax ); (b) in Luxembourg, (i) the income-tax on individuals (I'imp t sur le revenu des personnes physiques); (ii) the corporation tax (I'imp t sur le revenu des collectivit s); (iii) the capital tax (I'imp t sur la fortune); and (iv) the communal trade tax (I'imp t commercial communal); (hereinafter referred to as Luxembourg tax ). 4. The Agreement shall apply also to any identical or substantially similar taxes that are imposed after the date of signature of the Agreement in addition to, or in place of, the existing taxes. The competent authorities of the Contracting States shall notify each other of any significant changes that have been made in their respective taxation laws.