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ARTICLE 28

Termination

This Agreement shall continue in force until terminated. Either of the Contracting States may through diplomatic channels give written notice of termination at least six months before the end of any calendar year. In such event, the Agreement shall cease to be effective:

  • (a) in Nigeria:
    • (i) in respect of withholding tax on income and taxes on capital gains derived by a non-resident, in relation to income and capital gains derived on or after the first day of January in the calendar year immediately following that in which the notice of termination is given;
    • (ii) in respect of other taxes, in relation to income of any basic period beginning on or after the first day of January in the calendar year immediately following that in which the notice of termination is given;
  • (b) in Czechoslovakia:
    • (i) in respect of taxes withheld at source, to amounts derived on or after the first day of January in the calendar year next following that in which the notice is given;
    • (ii) in respect of other taxes on income, to taxes chargeable for any taxable year beginning on or after the first day of January in the calendar year next following that in which the notice is given.

IN WITNESS WHEREOF, the undersigned, duly authorised thereto, have signed this Agreement.

DONE at Lagos on the thirty-first day of August 1989 in two original copies each in the English language.

FOR THE GOVERNMENT OF THE CZECHOSLOVAK SOCIALIST REPUBLIC:

J. STEJSKAL

FOR THE GOVERNMENT OF THE FEDERAL REPUBLIC OF NIGERIA:

S. P. OKONGWU