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 after the fifth year from the date of entry into force of the Agreement. In such event, the Agreement shall cease to 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 notice of termination has been given;
- (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 notice of termination has been given.
IN WITNESS WHEREOF, the undersigned, being duly authorized thereto, have signed this Agreement.
DONE at Teheran this 7th day of December 2004 (17/Azar/1383 Solar Hijra) in two originals, in the Serbian, Persian and English languages, both originals being equally authentic. In case of any divergence of interpretation, the English text shall prevail.
FOR THE COUNCIL OF MINISTERS OF SERBIA AND MONTENEGRO:
FOR THE GOVERNMENT OF THE ISLAMIC REPUBLIC OF IRAN: