- 1
- This Convention shall remain in force until terminated by a Contracting State. Either Contracting State may terminate the Convention, through diplomatic channels, by giving to the other Contracting State, written 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.
- 2
- In the event of termination before 1 July of such year, the Convention shall cease to have effect:
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- a)In the case of Kosovo:
- (i)in respect of taxes withheld at source, to income derived on or after 1 January of the taxable period next following the year in which the notice of termination is given;
- (ii)in respect of other taxes on income, to taxes chargeable for any taxable period beginning on or after 1 January of the year next following the year in which the notice of termination is given.
- b)In the case of the Netherlands: for taxable years and periods beginning, and taxable events occurring, after the end of the calendar year following the calendar year in which the notice of the termination has been given.
- 3
- Notice of termination shall be regarded as having been given by a Contracting State on the date of receipt of such notice by the other Contracting State.
- 4
- Notwithstanding the previous paragraphs, if at any time after the signing of this Convention, a Contracting State:
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- a)reduces the general statutory rate of the company tax or corporate income tax that applies with respect to substantially all of the income of resident companies with the result that such rate falls below 9 per cent; or
- b)provides an exemption from taxation to resident companies for substantially all foreign source income (including interest and royalties),
- the Contracting States shall consult with a view to amending this Convention to restore an appropriate allocation of taxing rights between the Contracting States. If such consultations do not progress, the other State may notify the first-mentioned State through diplomatic channels that it shall cease to apply the provisions of Articles 11, 12 and 20. In such case, the provisions of those Articles shall cease to have effect in both Contracting States with respect to items of income derived by resident companies six months after the date that the other Contracting State issues a written public notification stating that it shall cease to apply the provisions of those Articles.
