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This Agreement shall remain in force until terminated by a Contracting State. Either Contracting State may terminate the Agreement, through diplomatic channels, by giving notice of termination at least six months before the end of any calendar year after the expiration of a period of five years from the date of its entry into force. In such event, the Agreement shall cease to have effect:
(a)in Georgia, in respect of taxes chargeable, for any fiscal year beginning on or after 1st January in the calendar year next following that in which the notice is given;
(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.
IN WITNESS whereof the undersigned, being duly authorised thereto, have signed this Agreement.
DONE in duplicate, at London this 13th day of July 2004, in the English and Georgian languages, both texts being equally authoritative.
| For the Government of the United Kingdom of Great Britain and Northern Ireland: | For the Government of Georgia: |
| Jack Straw | S Zurabishvili |
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