Direct Tax Avoidance Agreements

                                                                                                               Trinidad and Tobago

Article 2 : Taxes covered

1. This Convention shall apply to taxes on income imposed on behalf of a ContractingState 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, as well as taxes on capital appreciation.

3. The existing taxes which are the subject of this Convention are:--

(a) in the case of Trinidad and Tobago, the corporation-tax, the income-tax, the unemployment levy and the petroleum profits-tax (hereinafter referred to as "Trinidad and Tobago tax");

(b) in the case of India, the income tax, including any surcharge thereon (hereinafter referred to as "Indian tax").

4. This Convention shall apply also to any identical or substantially similar taxes which are imposed by a ContractingState after the date of signature of this Convention in addition to, or in place of, the taxes referred to in paragraph 3.  The competent authorities of the Contracting States shall notify each other of any significant changes which have been made in their respective taxation laws.