This Convention will remain in force until terminated by one of the Contracting States. Either one of the Contracting States may terminate this Convention, through diplomatic channels, by giving a notice of termination at least six months before the end of any calendar year after the expiration of the fifth year from the date on which this Convention enters into force. In such case, the Convention shall be applicable for the last time:
- (a) with respect to taxes accrued on income paid or payable from the first day of January of the calendar year following the year in which the notice of termination is given;
- (b) with respect to other taxes on income paid or payable starting on or after the first day of January of the calendar year following the year in which the notice of termination is given.
IN WITNESS WHEREOF, the signatories, duly authorized, have signed this Convention and the annexed Protocol.
DONE in Italian, in duplicate, at Rome on the 21st day of March of the year 2002.
FOR THE GOVERNMENT OF THE REPUBLIC OF SAN MARINO:
FOR THE GOVERNMENT OF THE ITALIAN REPUBLIC: