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ARTICLE 29

Termination

This Agreement shall remain in force until terminated by a Contracting State but either Contracting State may terminate the Agreement, through diplomatic channels, by giving to the other Contracting State, written notice of termination not later than the 30th June of any calendar year from the fifth year following that in which the Agreement entered into force. In the event of termination before July 1 of such year, the Agreement shall apply for the last time:

  • (a) with respect to taxes due at source on income credited or payable at latest on December 31 of the year in which the notice of termination is given;
  • (b) with respect to other taxes charged on income of taxable periods ending before December 31 of the year next following the year in which the notice of termination is given;
  • (c) with respect to taxes on capital charged on elements of capital existing on January 1 of the year next following the year in which the notice of termination is given.

IN WITNESS WHEREOF, he undersigned, being duly authorised thereto by their respective Governments, have signed this Agreement.

DONE in duplicate at Washington, this 30th September 1996, in the English language.

FOR THE GOVERNMENT OF THE KINGDOM OF BELGIUM:

PHILIPPE MAYSTADT

DEPUTY PRIME MINISTER, AND MINISTER OF FINANCE AND FOREIGN TRADE

FOR THE GOVERNMENT OF THE UNITED ARAB EMIRATES:

AHMED HUMAID AL TAYER

MINISTER OF STATE FOR FINANCE AND INDUSTRY