This Convention shall remain in force until terminated by a Contracting State. Either Contracting State may terminate the Convention not earlier than five years from its entry into force, through diplomatic channels, by giving notice of termination at least six months before the end of the calendar year. In such event, the Convention shall cease to have effect:
- (a) in respect of taxes withheld at the source to the income derived on or after 1 January in the calendar year next following the year in which the notice of termination is given; and
- (b) in respect of other taxes on income and on capital derived on or after 1 January in the calendar year next following the year in which the notice of termination is given.
IN WITNESS WHEREOF, the undersigned, duly authorised to that effect, have signed this Protocol.
DONE in duplicate at San Marino, this twenty-third day of May 2007, in the Italian, Romanian and English languages, all texts being equally authentic. In case of divergence, the English text shall prevail.