Article 1 - Taxes covered - Greece

GREECE AGREEMENT FOR AVOIDANCE OF DOUBLE TAXATION WITH GREECE Whereas the annexed Agreement between the Government of India and the Government of Greece for the avoidance of double taxation of income has been ratified and the instruments of ratification exchanged, as required by Article XX of the said Agreement; 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 shall be given effect to in the Union of India. Notification: No. GSR 394, dated 17-3-1967. ANNEXURE TEXT OF ANNEXED AGREEMENT DATED 11-2-1965 Whereas the Government of India and the Government of Greece desire to conclude an Agreement for the avoidance of double taxation of income; Now, therefore, it is hereby agreed as follows: ARTICLE 1 TAXES COVERED 1. The taxes which are the subject of the present Agreement are: (a) in India: the income-tax, the super tax, the surcharge, imposed under the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as Indian tax ); (b) in Greece: the tax on physical persons and the income-tax on legal entities, and any special tax levied in Greece with reference to freight earned by shipping enterprises by the carriage of passengers, livestock or goods, imposed under the Royal Decrees No. 3323/1955 and 3843/1958 and the Law No. 1880/1951 (hereinafter referred to as Greek tax ). 2. The present Agreement shall also apply to any other taxes of substantially similar character imposed in India or Greece subsequent to the date of signature of the present Agreement.