Article 2 - Taxes covered - Malta (Old - Effective upto 1-4-2015)

Article 2 - Taxes covered - 1. The existing taxes to which this Agreement shall apply are : (a) in India : the income-tax including any surcharge thereon ; (hereinafter referred to as Indian tax) ; (b) in Malta : the income-tax ; (hereinafter referred to as Malta tax). 2. This Agreement shall also apply to any identical or substantially similar taxes which are imposed by either ContractingState after the date of signature of the present Agreement in addition to, or in place of, the taxes referred to in paragraph (1). The competent authorities of the Contracting States shall notify each other of any significant changes which are made in their respective taxation laws. 3. Notwithstanding the other provisions of this Article, this Agreement shall not apply to tax paid or payable in Malta in accordance with the provisions of sub-section (11) of section 31 of the Income-tax Act (Cap. 123), concerning the chargeable income of any person engaged in the production of petroleum produced in Malta, or any substantially similar provision which is imposed after the date of signature of this Agreement.