Article 2 - Taxes Covered - Botswana

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 alienation of movable or immovable property. 3. The existing taxes to which the Agreement shall apply are in particular: (a) In Botswana, the income-tax (hereinafter referred to as Botswana tax ); (b) In India, the income-tax, including any surcharge thereon (hereinafter referred to as Indian tax ). 4. Nothing in this Agreement shall limit the right of either Contracting State to charge tax on the profits of a mineral enterprise, at an effective rate different from that charged on the profits of any other enterprise. The term a mineral enterprise means an enterprise carrying on the business of mining. 5. The Agreement shall also apply 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.