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 32
TERMINATION
This Convention shall continue in effect for an unlimited period, but either Contracting State may, on or before 30 June in any calendar year beginning after the expiration of a period of five years from the date of its entry into force, give the other Contracting State, through diplomatic channels, written notice of termination in such event, this Convention shall cease to have effect:
- (a) in the case of taxes withheld at source, in respect of amounts paid on or after 1 January of the calendar year next following that in which the notice of termination is given;
- (b) in the case of other taxes, in respect of taxes levied for periods beginning on or after 1 January of the calendar year next following that in which the notice of termination is given. The date of receipt of such notice by the other Contracting State shall be definitive for the determination of the deadline.
DONE in duplicate at Tbilisi on 1 June 2006 in the German, Georgian and Russian languages, the three texts being authentic. In the case of any divergence between the German text and the Georgian text, the Russian text shall prevail.