1. This Convention shall remain in force until terminated by a Contracting State. Either Contracting State may terminate the Convention at any time after 5 years from the date on which the Convention enters into force, provided that at least 6 months prior notice of termination has been given through diplomatic channels. In such event, the Convention shall cease to have effect:
a) in respect of taxes withheld at source, for amounts paid or credited on or after the first day of January next following the expiration of the 6 months period;
b) in respect of other taxes, for taxable periods beginning on or after the first day of January next following the expiration of the 6 months period.
2. Notwithstanding paragraph 1, either Contracting State may, at any time after three years from the date on which the Convention enters into force, terminate the applicability of one or more provisions of the Convention other than provisions of Article 28 (Entry Into Force) provided that at least 6 months prior notice of such termination has been given through diplomatic channels and provided, further, that the competent authority of the first- mentioned Contracting State has given notice in writing to the competent authority of the other Contracting State that there has been a failure to perform the obligations of the other Contracting State under a provision constituting an essential basis for the consent by the first-mentioned State to be bound by the treaty as a whole and such failure to perform has not been remedied after a reasonable period (of not less than three months) for objections and, if requested, consultations. In such event, the provisions specified in the notice of termination shall cease to have effect:
a) in respect of taxes withheld at source, for amounts paid or credited on or after the first day of January next following the expiration of such 6 months period, and
b) in respect of other taxes, for taxable periods beginning on or after the first day of January next following the expiration of such 6 months period.
A termination made pursuant to the provisions of this paragraph shall not affect the applicability of provisions of this Convention other than the provisions specified in the Notice of Termination, nor shall it affect the applicability of such provisions to persons resident in the Contracting State which has made the termination.
In witness whereof, the undersigned, being duly authorized by their respective Governments, have signed this Convention.
Done at Oranjestad in duplicate, in the English language, this 9th day of August, 1986.
FOR THE GOVERNMENT OF THE UNITED STATES OF AMERICA:
FOR THE GOVERNMENT OF THE KINGDOM OF THE NETHERLANDS:
