- 1
- Each of the Contracting States shall notify to the other the completion of the procedures required by its law for the bringing into force of this Convention. The Convention shall enter into force on the last day of the month following the month in which the later of the notifications has been received in which the respective Contracting States have notified each other in writing that their formalities constitutionally required have been complied with.
- 2
- The provisions of the Convention shall apply:
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- a)with regard to taxes withheld at source, in respect of amounts paid or credited on or after the first day of January of the calendar year next following the year in which the Convention enters into force;
- b)with regard to other taxes, in respect of taxable years beginning on or after the first day of January of the calendar year next following the year in which the Convention enters into force.
- 3
- Upon the entry into force of this Convention, the Convention between the Government of the Kingdom of the Netherlands and the Government of the People’s Republic of Bulgaria for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, done at Sofia on 6 July 1990, shall cease to have effect:
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- a)with regard to taxes withheld at source, with respect of amounts paid or credited on or after the first day of January of the calendar year next following the year in which the Convention enters into force;
- b)with regard to other taxes, in respect of taxable years beginning on or after the first day of January of the calendar year next following the year in which the Convention enters into force.
- 4
- Notwithstanding the previous paragraphs, where before the date on which this Convention enters into force, a resident of one of the Contracting States derives a pension or other similar remuneration arising in the other Contracting State, and who continues after that date to derive such pension or remuneration, the provisions of Article 18, paragraph 1, of the Convention between the Government of the Kingdom of the Netherlands and the Government of the People’s Republic of Bulgaria for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, done at Sofia on 6 July 1990, shall remain applicable with respect to such pension or remuneration after the date of the entry into force of this Convention. However, where such pension or remuneration arising in the other Contracting State is not subject to tax in the first-mentioned State, the provisions of Article 17 of this Convention shall apply.
