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 27
Termination
This Agreement shall remain in force until terminated by a Contracting State. Either Contracting State may terminate the Agreement, through the diplomatic channels, by giving notice of termination at least six months before the end of any calendar year following after the period of five years from the date on which the Agreement enters into force. In such event, the Agreement shall cease to have effect:
- (a) in New Zealand:
- (i) in respect of withholding tax on income, profits or gains derived by a non-resident, for amounts paid or credited on or after 1 January in the calendar year next following that in which notice of termination is given;
- (ii) in respect of other New Zealand tax, for any income year beginning on or after 1 April next following the date on which notice of termination is given;
- (b) in the Czech Republic:
- (i) in respect of taxes withheld at source, to income paid or credited on or after 1 January in the calendar year next following that in which notice of termination is given;
- (ii) in respect of other taxes on income, to income in any taxable year beginning on or after 1 January in the calendar year next following that in which notice of termination is given.
IN WITNESS WHEREOF, the undersigned, duly authorised thereto, have signed this Agreement.
DONE in duplicate at Prague this 26th day of October 2007 in the Czech and English languages, both texts being equally authentic.
FOR THE CZECH REPUBLIC:
FOR NEW ZEALAND: