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HMRC internal manual

Double Taxation Relief Manual

DT: Zimbabwe: double taxation agreement, Article 29: Termination

 

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

(b) in Zimbabwe:

(i) in respect of income tax, branch profits tax and capital gains tax for any year of assessment beginning on or after 1 April in the calendar year next following that in which the notice is given;

(ii) in respect of non-resident shareholders’ tax and non-residents’ tax on interest, from 1 April in the calendar year next following that in which the notice is given.