ARTICLE 29
Termination
This Agreement shall remain in force until terminated by a Contracting State. Either Contracting State may terminate the Agreement, through 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 respect of taxes withheld at source for amounts payable on or after 1 January in the year following that in which the notice is given; and
- (b) in respect of other taxes for the taxable year beginning on or after 1 January in the year following that in which the notice is given.
IN WITNESS WHEREOF, the undersigned, duly authorised thereto, by their respective Governments, have signed this Agreement.
DONE in duplicate in Seoul, on this sixth day of July 2006, corresponding to fifteenth day of Tir, 1385 in the Korean, Persian and English languages, all texts being equally authentic. In case of any divergence of interpretation, the English text shall prevail.
FOR THE GOVERNMENT OF THE REPUBLIC OF KOREA:
KIM HYUN-CHONG
TRADE MINISTER
FOR THE GOVERNMENT OF THE ISLAMIC REPUBLIC OF IRAN:
ALI-REZA TAHMASBI
MINISTER OF INDUSTRIES AND MINES