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ARTICLE 29

Termination

(1) This Convention shall remain in force until terminated by one of the Contracting States. 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 following after the period of five years from the date on which the Convention enters into force.

(2) In such event, the Convention shall cease to have effect:

  • (a) in respect of taxes withheld at the source, to the amounts paid or credited to the account on or after 1 January of the calendar year following the year in which the notice of termination has been given;
  • (b) in respect of other income taxes, to the income realized during the fiscal periods beginning on or after 1 January in the calendar year following the year in which the notice of termination has been given.

IN WITNESS WHEREOF, the undersigned, duly authorized thereto, have signed this Convention.

DONE in duplicate at Damascus, this twentieth day of March 2001, in the Arabic, Bulgarian, and English languages, all texts being equally authentic. In case of divergence in interpretation the English text shall prevail.

FOR THE GOVERNMENT OF THE REPUBLIC OF BULGARIA:

FOR THE GOVERNMENT OF THE SYRIAN ARAB REPUBLIC: