Article 30 - Termination - Cyprus

ARTICLE 30 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 India, (i) with respect to taxes withheld at source, for amounts paid or credited on or after 1st April of the calendar year next following that in which the notice is given; and (ii) with respect to taxes on income for any fiscal year beginning on or after 1st April of the calendar year next following that in which the notice is given; and (b) In Cyprus (i) in respect of tax withheld at the source, for amounts paid on or after the first day of January in the calendar year next following that in which the notice is given; and (ii) in respect of other taxes for years of assessment beginning on or after the first day of January in the calendar year next following that in which the notice is given. IN WITNESS WHEREOF the undersigned, duly authorized thereto, have signed this Agreement. DONE in duplicate in Nicosia this day of 18 November 2016, each in the Hindi, Greek and English languages, all texts being equally authentic. In case of divergence of interpretation, the English text shall prevail. For the Government of the For the Government of the Republic of India Republic of Cyprus