Termination clause permits either state to end the tax treaty with six months' notice, effective from the next April. The Agreement remains in force indefinitely but either Contracting State may terminate it by diplomatic notice after five years, provided notice is given at least six months before the end of a calendar year; the Agreement then ceases to apply, in each State, to income derived in fiscal or taxable years beginning on or after the first day of April following the calendar year in which notice is given.
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 clause permits either state to end the tax treaty with six months' notice, effective from the next April.
The Agreement remains in force indefinitely but either Contracting State may terminate it by diplomatic notice after five years, provided notice is given at least six months before the end of a calendar year; the Agreement then ceases to apply, in each State, to income derived in fiscal or taxable years beginning on or after the first day of April following the calendar year in which notice is given.
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 
