Article 31 - Termination - UKraine

ARTICLE 31 TERMINATION This Convention shall remain in force indefinitely but either of the Contracting States may, on or before the thirtieth day of June in any calendar year beginning after the expiration of a period of five years from the date of its entry into force, give the other Contracting State through diplomatic channels, written notice of termination and, in such event, this Convention shall cease to have effect: (a) in India, in respect of income arising in any previous year beginning on or after the 1st day of April next following the calendar year in which the notice is given and in respect of capital which is held at the expiry of any fiscal year beginning on or after 1st April next following the calendar year in which the notice of termination is given. (b) in Ukraine: (i) in respect of the taxes on dividends, interest or royalties for any payments effected 60th day or after 60 days following the day on which notice of termination is given; (ii) in respect of the taxes on profits of enterprises and tax on property of enterprises and tax on immovable property of citizens for any taxable period starting on 1st January of the calendar year following the year in which notice of termination is given; (iii) in respect of the income-tax imposed on the citizens for any payments effected on the 60th or after the 60th day following the day on which notice of termination is given. IN WITNESS whereof the undersigned, being duly authorised thereto, have signed the present Convention. DONE in duplicate at KYIV on this April 7th day of one thousand nine hundred and ninety-nine in the Hindi, Ukrainian and English languages, all the texts being equally authentic. In case of divergence between any of the two texts, the English text shall be the operative one.