Termination of Tax Treaty triggers phased cessation of relief for income and withholding taxes under specified fiscal and calendar rules. Either Contracting State may terminate the tax treaty after five years by diplomatic notice given at least six months before year end; following such notice the treaty ceases prospectively with India applying cessation to income for fiscal years beginning on or after the first April after the calendar year of notice, and Latvia applying a phased cessation-with withholding tax effects from the first January of the calendar year after notice and other income tax effects for fiscal years beginning on or after that date. The English text prevails if interpretations diverge.
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 triggers phased cessation of relief for income and withholding taxes under specified fiscal and calendar rules.
Either Contracting State may terminate the tax treaty after five years by diplomatic notice given at least six months before year end; following such notice the treaty ceases prospectively with India applying cessation to income for fiscal years beginning on or after the first April after the calendar year of notice, and Latvia applying a phased cessation-with withholding tax effects from the first January of the calendar year after notice and other income tax effects for fiscal years beginning on or after that date. The English text prevails if interpretations diverge.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
