Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Double Taxation Relief Manual

From
HM Revenue & Customs
Updated
, see all updates

DT: Philippines: double taxation agreement, Article 28: Termination

This convention shall remain in force until denounced by one of the Contracting States.Either Contracting State may denounce the Convention, through diplomatic channels, bygiving notice of termination at least six months before the end of any calendar year afterthe year 1982. In such event, the Convention shall cease to have effect:

  1. in the United Kingdom:
(i) in respect of income tax and capital gains tax, for any year of assessment beginning on or after 6 April in the calendar year next following that in which the notice is given;  
  
(ii) in respect of corporation tax, for any financial year beginning on or after 1 April in the calendar year next following that in which the notice is given;
  1. in the Philippines:
(i) in respect of tax withheld at the source on amounts paid on or after 1 January in the calendar year next following that in which the notice is given; and  
  
(ii) in respect of other taxes for taxation years or periods beginning on or after 1 January in the calendar year next following that in which the notice is given.