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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

Entry into Force

(1) This Agreement shall be ratified and the instruments of ratification shall be exchanged as soon as possible.

(2) This Agreement shall be ratified in accordance with the internal legal procedures of both Contracting States and shall enter into force on the first day of the third month following the date of receipt of the later diplomatic note confirming that the internal legal procedures have been completed. The provision of this Agreement shall thereupon have effect in both Contracting States:

  • (a) in respect of taxes withheld at source, to amounts of income derived on or after 1 January in the calendar year next following the year in which the Agreement enters into force;
  • (b) in respect of taxes on income and on capital, for taxes chargeable for any tax year beginning on or after 1 January in the calendar year next following the year In which the Agreement enters into force.