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 28
Entry into Force
(1) This Agreement shall be ratified in both Contracting States and the instruments of ratification shall be exchanged as soon as possible.
(2) The Agreement shall enter into force on the date of exchange of instruments of ratification, and its provisions shall have effect:
- (1) in respect of assesed taxes on income derived and assesed taxes on capital owned in each fiscal year beginning on or after the first day of January in the calendar year following that in which the instruments of ratification have been exchanged;
- (2) in respect of witholding taxes on income derived in each calendar year beginning on or after the first day of January in the calendar year following that in which the instruments of ratification have been exchanged.