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 31
Termination
This Convention shall remain in force until it is terminated by one of the Contracting States. Any of the Contracting States may notify the termination of the Convention in writing through diplomatic channels to the other Contracting State, with at least a six month advance notice prior to the end of any calendar year, subsequent to a five year period from the date of entry into force of the Convention. In such cases, the Convention shall no longer be binding:
- (a) as regards to taxes collected by the withholding system, relating to amounts paid subsequent to the first day of January, inclusive, of the calendar year following the one in which the termination is notified;
- (b) as regards to other taxes, relating to amounts enforceable in the tax periods that initiate subsequent to the first day of January, inclusive, of the calendar year following the one in which the termination is notified.
The notification of termination shall be deemed executed by a Contracting State on the date of its receipt by the other Contracting State.