Direct Tax Avoidance Agreements

                                                                                                      UAR (Egypt)

Article XXX - Termination - Either of the Contracting States may terminate this Convention after a period of five years from the date on which the Convention enters into force by giving to the other Contracting State, through the diplomatic channels, written notice of termination, provided that such notice shall be given only on or before the thirtieth day of June in any calendar year, and in such event, this Convention shall cease to be effective

(a) in India,

as respects income derived during any previous year beginning on or after the first day of January of the calendar year next following that in which the notice is given ;

(b) in the United Arab Republic,

(1) as respects tax on income from movable capital and tax on wages, salaries, indemnities and pensions, which taxes are due on or after the first day of July in the calendar year next following that in which the notice is given ;

(2) as respects tax on commercial and industrial profits for any accounting period ending on or after the first day of July in the calendar year next following that in which the notice is given ;

(3) as respects tax on income derived from immovable property (including the land tax, the buildings tax and the ghaffir tax), tax on profits from liberal professions and all other non-commercial professions and the general income-tax for the calendar year next following that in which the notice is given.

The rules in sub-paragraph (b) of this paragraph shall be correspondingly applicable respectively to the defence tax, national security tax and to the supplementary taxes.

In witness whereof, the undersigned, being duly authorised thereto, have signed this Convention.

Done in duplicate at Cairo this 20th day of February, 1969, in the English language.