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: Sri Lanka: double taxation agreement, Article 26: Termination

This Convention shall remain in force until terminated by one of the Contracting States.Either Contracting State may terminate 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:

(a) in the United Kingdom:
(i) as respects income tax and capital gains tax, for any year of assessment beginning on or after 6th April in the calendar year next following that in which the notice is given;
(ii) as respects corporation tax, for any financial year beginning on or after 1st April in the calendar year next following that in which the notice given;
(b) in Sri Lanka:
as respects Sri Lanka tax, for the year of assessment beginning on 1st April in the calendar year next following that in which the notice is given and subsequent years of assessment.