Transitional Period. At the end of the transitional period as defined in Article 10(2) of the Directive, Guernsey shall cease to apply the retention tax and revenue sharing provided for in this Agreement and shall apply in respect of the other contracting party the automatic exchange of information provisions in the same manner as is provided for in Chapter II of the Directive. If during the transitional period Guernsey elects to apply the automatic exchange of information provisions in the same manner as is provided for in Chapter II of the Directive, it shall no longer apply the withholding/retention tax and the revenue sharing provided for in Article 9 of this Agreement.
Appears in 5 contracts
Samples: Tax Information Exchange Agreement, Agreement on the Taxation of Savings Income, Agreement on the Taxation of Savings Income
