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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 16

Entry into Force

(1) This Agreement shall enter into force on the thirtieth day after the notification issued by the SAARC Secretariat regarding completion of all formalities, including ratification, wherever applicable, by all Member States, which shall be done no later than 30 June 2006.

(2) The provisions of this Agreement shall have effect:

  • (i) in Bangladesh:
    • (a) in respect of taxes withheld at source, in respect of amounts paid or credited on or after 1 July next following the date upon which the Agreement enters into force;
    • (b) with regard other taxes, in respect of tax years beginning on or after 1 July next following the date upon which the Agreement enters into force;
  • (ii) in Bhutan:
    • (a) in respect of taxes withheld at source, in respect of amounts paid or credited on or after 1 July next following the date upon which the Agreement enters into force;
    • (b) with regard other taxes, in respect of tax years beginning on or after 1 July next following the date upon which the Agreement enters into force
  • (iii) in India, in respect of income derived in any fiscal year on or after 1 April next following the date upon which the Agreement enters into force;
  • (iv) in Maldives, in respect of income derived in any fiscal year on or after 1 January next following the date upon which the Agreement enters into force;
  • (v) in Nepal, in respect of income arising in any year of income beginning on or after the first day of Nepalese fiscal year starting mid-July next following the date upon which the Agreement enters into force;
  • (vi) in Pakistan:
    • (a) in respect of taxes withheld at source, in respect of amounts paid or credited on or after 1 July next following the date upon which the Agreement enters into force;
    • (b) with regard other taxes, in respect of tax years beginning on or after 1 July next following the date upon which the Agreement enters into force; and
  • (vii) in Sri Lanka, in respect of income derived on or after 1 April of the year next following the date upon which the Agreement enters into force.