Termination of double taxation agreement requires written diplomatic notice six months before year-end after five-year term, affecting subsequent fiscal years. The Convention allows either Contracting State to terminate it by written diplomatic notice given at least six months before year-end after five years in force; termination takes effect for India from the fiscal year beginning on or after the 1 April following the calendar year of notice, and for Hungary from the fiscal year beginning on or after the 1 January following that calendar year. The instrument also records execution in three authentic language texts with English prevailing.
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Termination of double taxation agreement requires written diplomatic notice six months before year-end after five-year term, affecting subsequent fiscal years.
The Convention allows either Contracting State to terminate it by written diplomatic notice given at least six months before year-end after five years in force; termination takes effect for India from the fiscal year beginning on or after the 1 April following the calendar year of notice, and for Hungary from the fiscal year beginning on or after the 1 January following that calendar year. The instrument also records execution in three authentic language texts with English prevailing.
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