Article 29 - Entry into force - Korea (Old - Effective upto 31-3-2017)

Article 29 : Entry into force 1. This Convention shall be ratified and the instruments of ratification shall be exchanged at Seoul as soon as possible. The Convention shall enter into force on the thirtieth day after the date of exchange of the instruments of ratification. 2. This Convention shall have effect: (a) in Korea: (i) in respect of tax withheld at the source on amounts paid or credited to non-residents on or after the first day of January of the calendar year next following that in which the Convention is initialled; and (ii) in respect of other taxes for taxation years beginning on or after the first day of January of the calendar year next following that in which the Convention is initialled. (b) in India: (i) in respect of tax withheld at the source on amounts paid or credited to non-residents on or after the first day of April of the calendar year next following that in which the Convention is initialled; and (ii) in respect of other taxes for previous years beginning on or after the first day of April of the calendar year next following that in which the Convention is initialled.