Article 2 TAXES COVERED

Article 2
TAXES COVERED

1. This Agreement shall apply to taxes on income and on capital imposed in each Contracting State, irrespective of the manner in which they are levied.

2. There shall be regarded as taxes on income and on capital all taxes imposed on total income, total capital, or 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.

3. The taxes to which the Agreement shall apply are in particular:

1) in the Russian Federation:

(i) the tax on profits (income) of enterprises and organizations;

(ii) the tax on income of individuals;

(iii) the tax on property of enterprises;

(iv) the taxes on property of individuals

(hereinafter referred to as "Russian Tax");

2) in the Republic of Macedonia:

(i) the personal income tax;

(ii) the profit tax;

(iii) the property tax

(hereinafter referred to as "Macedonian tax").

4. The Agreement shall apply also to any identical or substantially similar taxes which 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 significant changes which have been made in their respective taxation laws.

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	Agreement Between the Government of the Russian Federation and the Government of the Republic of Macedonia for the Avoidance...