Chapter Article 2 Taxes covered

(1)

The taxes which are the subject of this Convention are:

(a)

in the United Kingdom of Great Britain and Northern Ireland:

(i)

the income tax;

(ii)

the corporation tax;

(iii)

the capital gains tax; (hereinafter referred to as “United Kingdom tax”);

(b)

in the Co-operative Republic of Guyana: The corporation tax, income tax and capital gains tax which are imposed by the Government of the Co-operative Republic of Guyana (hereinafter referred to as “Guyana tax”).

(2)

This Convention shall also apply to any identical or substantially similar taxes which are subsequently imposed in addition to, or in place of, those referred to in the preceding paragraph.

(3)

The Contracting States shall notify each other of any substantial changes in the laws relating to the taxes which are the subject of this Convention, within a reasonable period of time after such change.