- 1
- In light of the experience of operating the Agreement, or to reflect changing circumstances, either Contracting Party may wish to propose a variation in the terms of the Agreement. If so, it is understood that the other Contracting Party will agree to hold timely discussions with a view to revising the terms of the Agreement.
- 2
- The competent authorities may initiate discussions should:
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- (i)the Kingdom of the Netherlands enter into an agreement with another jurisdiction comparable to Montserrat which provides for other forms of exchange of information;
- (ii)Montserrat enter into an agreement with another jurisdiction which provides for other forms of exchange of information;
- (iii)Montserrat introduce new legislation which enables other forms of exchange of information.
- 3
- If the Kingdom of the Netherlands enters into arrangements with another jurisdiction comparable to Montserrat for the provision of information with respect to taxes that are less burdensome in any material respect than the provisions of the Agreement, Montserrat may initiate discussions with the Netherlands with a view to modifying the Agreement to have similar effect.