DT6928 - DT: Falkland Islands: double taxation agreement, Article 30: Termination

This Arrangement shall remain in force until terminated by the Government of one of the territories. Either Government may terminate the Arrangement by giving notice of termination to the other Government 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 Arrangement. In such event, the Arrangement 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 6th 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 the Falkland Islands:

(i) in respect of income tax, including the tax on royalties and capital gains, for any year of assessment beginning on or after 1 January in the calendar year next following that in which the notice is given;
(ii) in respect of corporation tax, including the tax on royalties and capital gains, for any financial year beginning on or after 1 January in the calendar year next following that in which the notice is given.