Tax treaty termination: notice-based cessation tied to fiscal-year commencement for each state, and protocol governs amendments. The instrument prescribes a termination mechanism allowing either Contracting State to give diplomatic notice by a specified deadline after five years from entry into force, causing the Agreement to cease to apply in each State from the first day of the fiscal year following the calendar year in which notice is given; and, pursuant to section 90, it gives effect to a Protocol amending the 1989 Agreement, directing that the Protocol's provisions apply in India from the first day of the fiscal year next following the year the Protocol enters into force.
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Tax treaty termination: notice-based cessation tied to fiscal-year commencement for each state, and protocol governs amendments.
The instrument prescribes a termination mechanism allowing either Contracting State to give diplomatic notice by a specified deadline after five years from entry into force, causing the Agreement to cease to apply in each State from the first day of the fiscal year following the calendar year in which notice is given; and, pursuant to section 90, it gives effect to a Protocol amending the 1989 Agreement, directing that the Protocol's provisions apply in India from the first day of the fiscal year next following the year the Protocol enters into force.
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