Article 2 - Taxes covered - Vietnam

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, taxes on the total amounts of wages or salaries paid by enterprises. 3. The existing taxes to which the Agreement shall apply are: (a) in India: the income-tax on including any surcharge thereon; (hereinafter referred to as Indian tax); (b) In Vietnam: (i) the personal income-tax; (ii) the profit tax; and (iii) the profit remittance tax; (hereinafter referred to as Vietnamese tax). 4. The 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. The competent authorities of the Contracting States shall notify each other, of substantial changes, which have made in their respective taxation laws.