Article 31 - Termination - Macedonia

ARTICLE 31 TERMINATION This Agreement shall remain in force indefinitely until terminated by a Contracting State. Either Contracting State may terminate the Agreement, through diplomatic channels, by giving notice of termination at least six months before the end of any calendar year beginning after the expiration of five years from the date of entry into force of the Agreement. In such event, the Agreement shall cease to have effect: (a) In the case of India: (i) in respect of taxes withheld at source, to income paid or credited on or after the first day of April of the calendar year next following the year in which the notice is given; (ii) in respect of other taxes on income chargeable for any fiscal year beginning on or after the first day of April of the calendar year next following the year in which the notice is given; and (b) In the case of Macedonia: (i) in respect of taxes withheld at source, to income paid or credited on or after the first day of January of the calendar year next following the year in which the notice is given; (ii) in respect of other taxes on income chargeable for any fiscal year beginning on or after the first day of January of the calendar year next following the year in which the notice was given. IN WITNESS WHEREOF the undersigned, duly authorized thereto, have signed this Agreement. DONE in duplicate at Delhi this 17th day of December 2013, each in the Macedonian, Hindi and English languages, all texts being equally authentic. In case of divergence of interpretation, the English text shall prevail.