DT6528 - DT: Egypt: 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
after the year 1981. In such event, the Convention shall cease to
have effect:
- 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; and
(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;
- in Egypt:
(i) in respect of tax on income from movable capital and tax on wages, salaries, indemnities and pensions, which taxes are due on or after 1 January in the calendar year next following that in which notice is given;
(ii) in respect of tax on commercial and industrial profits for any accounting period ending on or after 1 January in the calendar year next following that in which notice is given;
(iii) in respect of tax on income derived from immovable property (including the land tax, the building tax and the ghaffir tax) tax on profits from liberal professions and the general income tax, for the calendar year commencing 1 January in the year next following that in which notice is given.
