ARTICLE 32
Termination
This Agreement shall remain in force until terminated by a Contracting State. Either Contracting State may terminate the Agreement, through diplomatic channels, by giving written notice of termination on or before the thirtieth day of June of any calendar year following after the period of five years from the year in which the Agreement enters into force. In such case, the Agreement shall cease to have effect:
- (a) in respect of income derived on or after the date of commencement of the year of assessment next following that in which the notice of termination is given; and
- (b) with regard to taxes withheld at source, in respect of amounts paid or credited on or after the date of commencement of the year of assessment next following that in which the notice of termination is given.
IN WITNESS WHEREOF, the undersigned duly authorized thereto here signed this Agreement.
DONE in duplicate in Dubai in the 24th day of September 2003, in the Sinhala, Arabic and English Languages, all texts being equally authentic. In the case of divergence of interpretation the English text shall prevail.
FOR THE GOVERNMENT OF THE DEMOCRATIC SOCIALIST REPUBLIC OF SRI LANKA:
K. N. CHOKSY
MINISTER OF FINANCE
FOR THE GOVERNMENT OF THE UNITED ARAB EMIRATES:
MOHAMED KHALFAN BIN KHIRBASH
MINISTER OF STATE FOR FINANCE AND INDUSTRY