This Agreement shall continue in effect indefinitely, but either of the Contracting States may, on or before the Thirtieth day of June in any calendar year beginning after the expiration of a period of five years from the date of its entry into force, give to the other Contracting State, through diplomatic channel, written notice of termination and, in such event, this Agreement shall cease to be effective:
- (a) in the Federal Republic of Germany in respect of taxes which are levied for the assessment period next following that in which the notice of termination is given and for subsequent assessment periods;
- (b) in Liberia in respect of taxes which are levied for the taxable year next following that in which the notice of termination is given and for subsequent taxable years;
- (c) in both Contracting States in respect of taxes withheld at source on dividends, interest and royalties paid after 31 December of the year in which the notice of termination is given.
IN WITNESS WHEREOF, the undersigned, being duly authorized thereto by their respective Governments, have signed this Agreement.
DONE at Monrovia this twenty-fifth day of November 1970, four originals, two each in the German and English languages, all the texts being equally authentic.
FOR THE FEDERAL REPUBLIC OF GERMANY:
FOR THE REPUBLIC OF LIBERIA: