Termination of tax treaty: either party may end the agreement by written notice, effective for subsequent fiscal years. Termination requires a written notice by either association at least six months before the end of a calendar year after the Agreement has been in force for five years. Cessation is staggered: for the territory in Article 2(3)(a) it applies to income from any fiscal year beginning on or after the first day of April following the calendar year in which notice is given; for the territory in Article 2(3)(b) it applies to income from any year of income beginning on or after the first day of January in the calendar year next following the notice.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Termination of tax treaty: either party may end the agreement by written notice, effective for subsequent fiscal years.
Termination requires a written notice by either association at least six months before the end of a calendar year after the Agreement has been in force for five years. Cessation is staggered: for the territory in Article 2(3)(a) it applies to income from any fiscal year beginning on or after the first day of April following the calendar year in which notice is given; for the territory in Article 2(3)(b) it applies to income from any year of income beginning on or after the first day of January in the calendar year next following the notice.
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