DT: Philippines: double taxation agreement, Article 2: Taxes covered
(1) The taxes which are the subject of this Convention are:
- in the United Kingdom of Great Britain and Northern Ireland:
the income tax; the corporation tax; and the capital gains tax;
- in the Philippines: the income tax imposed by the Government of the Republic of the Philippines except the tax on gross billings in respect of international carriers (Section 24, Paragraph (b), sub-paragraph (2), Internal Revenue Code).
(2) This Convention shall also apply to any identical or substantially similar taxeswhich are imposed by either Contracting State after the date of signature of thisConvention in addition to, or in place of, the existing taxes. The Contracting Statesshall notify each other of the changes which have been made to their respective taxationlaws.