The Double Taxation Relief (Taxes on Income) (Chile) Order 2003

CHAPTER VI FINAL PROVISIONS

Article 26 ENTRY INTO FORCE

(1) Each of the Contracting States shall notify the other through diplomatic channels of the completion of the procedures required by law for the bringing into force of this Convention. This Convention shall enter into force on the date of the later of these notifications.

(2) The provisions of this Convention shall have effect:

(a) in Chile,

in respect of taxes on income obtained and amounts paid, credited to an account, made available or accounted as an expense, on or after 1st January in the calendar year next following that in which this Convention enters into force; and

(b) 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 this Convention enters into force;

(ii) in respect of corporation tax, for any financial year beginning on or after 1st April in the calendar year next following that in which this Convention enters into force.

Article 27 TERMINATION

(1) This Convention shall remain in force until terminated by one of the Contracting States. Either Contracting State may, on or before 30th June in any calendar year beginning after the year in which this Convention enters into force, terminate this Convention by giving to the other Contracting State notice of termination in writing through diplomatic channels.

(2) The provisions of this Convention shall cease to have effect:

(a) in Chile,

in respect of taxes on income obtained and amounts paid, credited to an account, made available or accounted as an expense, on or after 1st January in the calendar year next following that in which the notice is given; and

(b) 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 1st April in the calendar year next following that in which the notice is given.