Termination clause in tax treaty allows diplomatic notice to cease treaty coverage, affecting withholding and other taxes. The Convention permits either Contracting State to give diplomatic written notice to terminate after an initial period, with termination affecting withholding taxes and other taxes from specified post-notice fiscal dates in each State; the Protocol clarifies applicability to Korean defence tax, treatment of aircraft and ship income and associated VAT exemptions, transitional shipping rules including an interim tax cap, and the original limited application period for certain relief provisions which was subsequently extended by amendment.
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.
Termination clause in tax treaty allows diplomatic notice to cease treaty coverage, affecting withholding and other taxes.
The Convention permits either Contracting State to give diplomatic written notice to terminate after an initial period, with termination affecting withholding taxes and other taxes from specified post-notice fiscal dates in each State; the Protocol clarifies applicability to Korean defence tax, treatment of aircraft and ship income and associated VAT exemptions, transitional shipping rules including an interim tax cap, and the original limited application period for certain relief provisions which was subsequently extended by amendment.
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