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HMRC internal manual

Double Taxation Relief Manual

From
HM Revenue & Customs
Updated
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DT: Cyprus: double taxation agreement, Article 30: Termination

This Convention shall remain in force indefinitely but the Government of either Contracting State may, on or before the thirtieth day of June in any calendar year give notice of termination to the Government of the other Contracting State and, in such event, the Convention shall cease to be effective:

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