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HMRC internal manual

Double Taxation Relief Manual

DT: Yugoslavia: 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 the diplomatic channel, 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 Convention. In such event. the Convention shall cease to have effect:

(a) in the United Kingdom:

(i) in respect of income tax and capital gains tax, for any year of assessment beginning on or after the sixth day of April in the calendar year following that in which the notice is given;

(ii) in respect of corporation tax, for any financial year beginning on or after the first day of April in the calendar year following that in which the notice is given;

(b) in Yugoslavia:

in respect of Yugoslav tax, for any fiscal year beginning on or after the first day of January in the calendar year following that in which the notice is given.