Entry into Force
(1) This Agreement shall be subject to approval, ratification in accordance with procedures required by both Contracting States for bringing this Agreement into force, and it shall enter into force on the sixtieth day following the date of the receipt of the later notification by the Contracting State confirming that all formalities required for bringing this Agreement into force have been fulfilled. The provisions of this Agreement shall have effect:
- (a) in respect of taxes withheld at source, to income paid or credited 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 taxes on capital, to income or capital in any tax year beginning on or after 1 January in the calendar year next following the year in which the Agreement enters into force.
(2) The provisions of the Convention between the Czechoslovak Socialist Republic and the Socialist Federal Republic of Yugoslavia for the avoidance of double taxation with respect to taxes on income and on capital signed at Prague on 2 November 1981 shall cease to be in force and in effect in relation between the Slovak Republic and the Republic of Macedonia on the date of the entry into effect of this Agreement.