Home Acts & Rules DTAA Comprehensive Agreement Australia This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
Article 29 - Termination - AustraliaExtract ARTICLE XXIX TERMINATION This Agreement shall continue in effect indefinitely, but either of the Contracting States may, on or before 30 June in any calendar year beginning after the expiration of 5 years from the date of its entry into force, give to the other Contracting State through the diplomatic channel written notice of termination and, in that event, this Agreement shall cease to be effective : (a) in Australia : (i) in respect of withholding tax on income, that is, derived by a non-resident, in relation to income derived on or after 1 July in the calendar year next following that in which the notice of termination is given; and (ii) in respect of other Australian tax, in relation to income, profits or gains of any year of income beginning on or after 1 July in the calendar year next following that in which the notice of termination is given; (b) in India, in respect of income, profits or gains arising in any year of income beginning on or after 1 April in the calendar year next following that in which the notice of termination is given. In witness whereof the undersigned, duly authorised thereto, have signed this Agreement. Done in duplicate at Canberra this Twenty-Fifth day of July, One thousand nine hundred and ninety-one in the Hindi and English languages, both texts being equally authentic, the English text to be the operative one in any case of doubt.
|