ARTICLE 27Entry into force
(1) Each of the Contracting States shall notify to the other the completion of the procedure required by its law for the bringing into force of this Agreement.
(2) The Agreement shall enter into force on the date of the later of these notifications and shall thereupon have effect:
(a)in the United Kingdom:
(i)as respects income tax and capital gains tax, for any year of assessment beginning on or after 6th April;
(ii)as respects corporation tax, for any financial year beginning on or after 1st April;
(b)in Indonesia:
as respects income derived during any fiscal year beginning on or after 1st January;
in either case in the calendar year next following that in which the later of such notifications is given.
(3) The Agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of the Republic of Indonesia for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and Capital signed at Jakarta on 13th March 1974 shall terminate and cease to be effective from the date upon which this Agreement has effect in respect of the taxes to which this Agreement applies in accordance with the provisions of paragraph (1) of this Article.