Entry into Force
(1) This Agreement shall be ratified and the instruments of ratification shall be exchanged as soon as possible.
(2) The Agreement shall enter into force upon the exchange of instruments of ratification and its provisions shall have effect:
- (a) in respect of taxes withheld at the source, to amounts of income derived on or after 1 January in the calendar year next following the year in which the Agreement enters into force;
- (b) in respect of other taxes on income and on capital to such taxes chargeable for any taxable year beginning on or after 1st January in the calendar year next following the year in which the Agreement enters into force.