The Double Taxation Relief (Taxes on Income) (Republic of Korea) Order 1996

Article 30 Termination

This Convention shall remain in force until terminated by one of the Contracting States. Either Contracting State may terminate the Convention, through diplomatic channels, by giving notice of termination at least six months before the end of any calendar year beginning after the expiry of five years from the date of entry into force of the Convention. In such event, the Convention shall cease to have effect:

(a) in Korea:

(i) in respect of taxes withheld at source, for amounts payable on or after 1st January in the year following that in which the notice of termination is given; and

(ii) in respect of other taxes, for the taxable year beginning on or after 1st January in the year following that in which the notice of termination is given;

(b) in the United Kingdom:

(i) in respect of income tax and capital gains tax, for any year of assessment beginning on or after 6th April in the calendar year next following that in which the notice is given; and

(ii) in respect of corporation tax, for any financial year beginning on or after 1st April in the calendar year next following that in which the notice is given.

In witness whereof the undersigned, duly authorised thereto by their respective Governments, have signed this Convention.

Done in duplicate at Seoul this 25th day of October 1996 in the Korean and English languages, both texts being equally authoritative.

For the Government of the United Kingdom of Great Britain and Northern Ireland:	For the Government of the Republic of Korea:
Thomas George Harris	Lee Ki-choo