DT3660.2 - DT: Bolivia: double taxation agreement, SI 95 No.2707, Article 2: Taxes covered

1. There shall be regarded as taxes on income and on capital all taxes imposed on total income, on total capital, or on all elements of income or of capital, including taxes on gains from the alienation of movable or immovable property, as well as taxes on capital appreciation.
   
   
2. The taxes which are the subject of this Convention are:
   
   

1. in the case of the United Kingdom:
   
   

i) the income tax;

ii) the corporation tax; and

iii) the capital gains tax.

hereinafter referred to as `United Kingdom tax`);

2. in the case of Bolivia:
   
   

i) the VAT complementary system (el régimen complementario al impuesto del valor agregado);

ii) the tax on companies' presumed income (el impuesto a la renta presunta de empresas);

iii) the tax on the presumed income of properties' owners (el impuesto a la renta presunta de propietarios de bienes);

iv) the tax on transactions (el impuesto a las transacciones); and

v) the tax on the profit obtained from the exploitation of hydrocarbons and/or minerals (el impuesto a las utilidades obtenidas en la explotación hidrocarburos y/o minerales)

(hereinafter referred to as `Bolivian tax`).

3. This Convention shall also apply to any identical or substantially similar taxes which are imposed by either Contracting State after the date of signature of this Convention in addition to, or in place of, the taxes of that Contracting State referred to in paragraph (2) of this Article. The competent authorities of the Contracting States shall notify each other of any substantial changes which have been made in their respective taxation laws.