- 1
- This Convention shall be ratified and the instruments of ratification shall be exchanged at Manila as soon as possible.
- 2
- The Convention shall enter into force upon the exchange of the instruments of ratification and its provisions shall have effect:
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- a)in respect of tax withheld at the source on amounts paid on or after the first day of January in the calendar year next following that in which the exchange of instruments of ratification takes place; and
- b)in respect of other taxes for taxation years and periods beginning on or after the first day of January in the calendar year next following that in which the exchange of instruments of ratification takes place.