Termination clause allows either party to end the tax treaty after an initial period by diplomatic notice with a delayed effective date. Termination permits either Contracting Party to end the treaty after an initial five year period by written diplomatic notice; termination becomes ... Summary
Termination clause allows either party to end the tax treaty after an initial period by diplomatic notice with a delayed effective date.
Termination permits either Contracting Party to end the treaty after an initial five year period by written diplomatic notice; termination becomes effective on the first day of the month after a six month interval following receipt of notice, with all requests received up to that effective date governed by the Agreement. Post termination, Parties remain bound by the Agreement's information and confidentiality obligations and language precedence is established for interpretation.
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