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Note: This Treaty may be impacted by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI). MLI impact on Tax Treaties is available with the Orbitax International Tax Research & Compliance Expert.

ARTICLE 30

Termination

This Agreement shall remain in force until terminated by a Contracting State. Either of the Contracting State may after the expiration of a period of five years from the date of its entry into force, terminate this Agreement, by giving written notice of termination to the other Contracting State through the diplomatic channels at least six months before the end of any calendar year. In such event, this Agreement shall cease to have effect:

  • (a) in respect of taxes withheld at source, on the amounts collected on or after 1 January of the calendar year next following the year in which the notice is given;
  • (b) in respect of other taxes on income and on capital chargeable for any taxable year beginning on or after 1 January of the calendar year next following the year in which the notice is given.

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

DONE in duplicate at New York this 28th day of September 2012, in Georgian, Italian and English languages, each text being equally authentic. In case of divergent interpretation of the provisions of this Agreement, the English text shall prevail.

FOR GEORGIA:

GRIGOL VASHADZE

FOR THE REPUBLIC OF SAN MARINO:

ANTONELLA MULARONI