The provisions of Article 11 are based on the fact, that under the taxation legislation of the Netherlands and of Yugoslavia as in force on the date of signature of the Convention, none of the States levies a withholding tax on interest arising in that State and paid to a resident of the other State. Both States undertake to enter into negotiations on a reviewal of the said provisions as soon as one of the States has expressed in writing, through diplomatic channels, to the other State its wish thereto in light of the fact that a withholding tax on interest has been introduced.
