This Convention shall remain in force until terminated by a Contracting State. Either Contracting State may terminate the Convention through diplomatic channels, by giving notice of termination at least six months before the end of any calendar year beginning after the expiration of a period of five years from the date of its entry into force. In such event, the Convention shall cease to have effect:
- (a) with respect to taxes withheld, to the amounts collected as from 1 January of the calendar year next following that in which the notification of termination is given; and
- (b) with respect to the other taxes on income, to the taxes referred to taxable periods as from 1 January of the calendar year next following that in which the notification of termination is given.
IN WITNESS WHEREOF, the undersigned, being duly authorised thereto by their respective Governments, have signed this Convention.
DONE at New York, this fourteenth day of December 2012, in duplicate in the English language.
FOR THE GOVERNMENT OF BARBADOS:
MR. JOSEPH GODDARD
FOR THE GOVERNMENT OF THE REPUBLIC OF SAN MARINO:
MR. DANIELE D. BODINI