Revision or Termination. This Convention shall continue in effect indefinitely but either Contracting State may, on or before June 30 in any calendar year after the year of exchange of the instruments of ratification, give notice of revision or termination to the other Contracting State, and in the event of termination, the Convention shall cease to have effect - (a) in respect of tax withheld or deducted at the source on amounts paid to non- residents on or after the first day of January in the calendar year following that in which the notice is given; and (b) in respect of other taxes for taxation years or years of assessment beginning on or after the first day of January in the calendar year following that in which the notice is given.
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Samples: Double Taxation Avoidance Agreement, Double Taxation Avoidance Agreement, Convention for the Avoidance of Double Taxation
Revision or Termination. This Convention shall continue in effect indefinitely but either Contracting State may, on or before June 30 in any calendar year after the year of exchange of the instruments of ratification, give notice of revision or termination to the other Contracting State, and in the event of termination, the Convention shall cease to have effect -effect:
(a) in respect of tax withheld or deducted at the source on amounts paid to non- residents on or after the first day of January in the calendar year following that in which the notice is given; and
(b) in respect of other taxes for taxation years or years of assessment beginning on or after the first day of January in the calendar year following that in which the notice is given.
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