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Note: This Treaty may be impacted by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI). MLI impact on Tax Treaties is available with the Orbitax International Tax Research & Compliance Expert.

ARTICLE 28

Termination

(1) This Agreement shall remain in force indefinitely. Either Contracting State may terminate the Agreement through diplomatic channels, by giving to the other Contracting State written notice of termination not later than 30 June of any calendar year starting five years after the year in which the Agreement entered into force.

(2) In such event the Agreement shall cease to apply in both Contracting States

  • (a) with regard to taxes withheld at source, in respect of amounts paid or credited after the end of the calendar year in which such notice is given; and
  • (b) with regard to other taxes, in respect of taxable years beginning after the end of the calendar year in which such notice is given.

IN WITNESS WHEREOF, the undersigned, being duly authorised thereto, have signed this Agreement.

DONE in Abu Dhabi, this twenty-seventh day of February 2011, in the Greek, Arabic and English languages, all texts being equally authentic. In the case of divergence of interpretation between the Greek and Arabic texts, the English text shall prevail.

FOR THE GOVERNMENT OF THE REPUBLIC OF CYPRUS:

MR. MARKOS KYPRIANOU

MINISTER OF FOREIGN AFFAIRS OF THE REPUBLIC OF CYPRUS

FOR THE GOVERNMENT OF THE UNITED ARAB EMIRATES:

SHEIKH ABDULLAH BIN ZAYED AL NAHYAN

MINISTER OF FOREIGN AFFAIRS OF THE UNITED ARAB EMIRATES