Termination of tax treaty requires written diplomatic notice, with phased cessation rules for withholding and other taxes. Termination is effected by written diplomatic notice after a five year period, with withholding taxes ceasing for income paid or credited from the start ... Summary
Termination of tax treaty requires written diplomatic notice, with phased cessation rules for withholding and other taxes.
Termination is effected by written diplomatic notice after a five year period, with withholding taxes ceasing for income paid or credited from the start of the following calendar year and other taxes on income and taxes on capital ceasing for fiscal years beginning on or after the start of the following calendar year; the Agreement also sets a language precedence rule for interpretation.
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