Tax treaty termination: either contracting state may withdraw after minimum notice, triggering differing fiscal-year effects. Article 31 permits either Contracting State to terminate the India-Korea tax treaty by diplomatic notice given at least six months before the end of a calendar year after the treaty has been in force for five years; termination takes effect in India for fiscal years beginning on or after the first April following the calendar year of notice, and in Korea for source withholding from the first January following that calendar year and for other taxes for taxable years beginning on or after that January first.
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.
Tax treaty termination: either contracting state may withdraw after minimum notice, triggering differing fiscal-year effects.
Article 31 permits either Contracting State to terminate the India-Korea tax treaty by diplomatic notice given at least six months before the end of a calendar year after the treaty has been in force for five years; termination takes effect in India for fiscal years beginning on or after the first April following the calendar year of notice, and in Korea for source withholding from the first January following that calendar year and for other taxes for taxable years beginning on or after that January first.
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