Termination of tax treaty affects withholding and fiscal-year taxation timing after diplomatic notice and prescribed effective dates. Either Contracting State may terminate the double taxation agreement through diplomatic channels after five years by giving at least six months' notice before the end of a calendar year; termination takes effect for India for withholding taxes on income paid or credited from 1 April of the calendar year following notice and for other income taxes for fiscal years beginning on or after that 1 April, and for Macedonia for withholding taxes on income paid or credited from 1 January of the calendar year following notice and for other income taxes for fiscal years beginning on or after that 1 January.
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Provisions expressly mentioned in the judgment/order text.
Termination of tax treaty affects withholding and fiscal-year taxation timing after diplomatic notice and prescribed effective dates.
Either Contracting State may terminate the double taxation agreement through diplomatic channels after five years by giving at least six months' notice before the end of a calendar year; termination takes effect for India for withholding taxes on income paid or credited from 1 April of the calendar year following notice and for other income taxes for fiscal years beginning on or after that 1 April, and for Macedonia for withholding taxes on income paid or credited from 1 January of the calendar year following notice and for other income taxes for fiscal years beginning on or after that 1 January.
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