Termination of tax convention permits either state to give notice ending treaty effect for withholding and income taxes next year. Article 30 provides that the Convention is indefinite but may be terminated after five years by either Contracting State giving written diplomatic notice on or before 30 June of any calendar year. Termination affects withholding taxes on dividends, interest, royalties and fees for technical services and taxes on income and capital, with India's termination effect applying from the first day of April following the calendar year of notice and Israel's from the first day of January following the calendar year of notice.
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Provisions expressly mentioned in the judgment/order text.
Termination of tax convention permits either state to give notice ending treaty effect for withholding and income taxes next year.
Article 30 provides that the Convention is indefinite but may be terminated after five years by either Contracting State giving written diplomatic notice on or before 30 June of any calendar year. Termination affects withholding taxes on dividends, interest, royalties and fees for technical services and taxes on income and capital, with India's termination effect applying from the first day of April following the calendar year of notice and Israel's from the first day of January following the calendar year of notice.
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