This Convention is concluded for a period of five years, renewable by tacit agreement.
However, on or after 1 January of the third year following the year of the entry into force of this Convention either of the Contracting States may give notice to the other of its intention to terminate the Convention, such notice to be given before 30 June of any year. In that event the Convention shall cease to apply as from 1 January of the year following the year in which the notice was given, on the understanding that its effects shall be limited:
- (a) In respect of taxes on income, to income acquired or distributed during the year in which notice of termination was given;
- (b) In respect of inheritance taxes, to successions opened not later than 31 December of that year;
- (c) In respect of other registration taxes and stamp duties, to instruments and judgments dated not later than 31 December of that year;
- (d) In respect of the recovery of debts of any nature, to those arising out of a transaction which took place not later than 31 December of the said year.
IN WITNESS WHEREOF, the undersigned, being duly authorized thereto, have signed this Agreement, drawn up in two original copies.
DONE at Paris on the twenty-ninth day of March 1974.
FOR THE GOVERNMENT OF THE FRENCH REPUBLIC:
FOR THE GOVERNMENT OF THE REPUBLIC OF SENEGAL: