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ARTICLE 26
EXCHANGE OF INFORMATION

 

1.         The competent authorities of  the  Contracting  State shall exchange such information   as is necessary for carrying out the provisions of this Convention or of  the domestic laws of the Contracting States concerning  taxes covered  by  the  Convention  insofar  as  the   taxation thereunder  is  not  contrary  to  the  Convention.   Any  information  received  by a Contracting  State  shall  be treated  as  secret  in the same  manner  as  information  obtained under the domestic laws of that State and  shall  be  disclosed only to persons or  authorities  (including  courts  and  administrative  bodies)  involved  in   the  assessment   or   collection  of,  the   enforcement   or prosecution  in  respect  of,  or  the  determination  of  appeals  in  relation  to,  the  taxes  covered  by the Convention.  Such persons or authorities shall  use  the  information  only for such  purposes.  They may  disclose the  information  in  public  court  proceedings  or   in  judicial decisions.

 

2.         In no case shall the provisions of paragraph 1 be construed so as to impose on a Contracting State the obligation:

            (a)        to  carry out administrative  measures  at  variance with the

                         laws and  administrative practice of  that  or  of   the  other 

                         Contracting State;

            (b)        to   supply  information  which  is  not obtainable under the

                         laws or in the normal course of the administration of that or

                         of  the other Contracting State;

            (c)        to supply information which would disclose any  trade,

                         business, industrial, commercial or professional secret or

                         trade  process, or information, the disclosure of  which 

                         would be contrary to public  policy (ordre public).

 

 

ARTICLE 27
DIPLOMATIC AGENTS AND CONSULAR OFFICIALS

 

            Nothing in this Convention shall affect the  fiscal privileges  of  diplomatic agents or  consular  officials under the general rules of international law or under the provisions of special agreements.

 

 

ARTICLE 28
ENTRY INTO FORCE

 

1.         Each of the Contracting Parties shall notify  to the  other the completion of the procedures  required  by its  law for the bringing into force of this  Convention.  The Convention shall enter into force on the date of  the later of these notifications.

 

2.         The  provisions of this Convention  shall  have effect;

            (a)        with regard to taxes withheld at source,  in  respect  of

                         amounts paid or credited  on or after   the  first  day  of 

                         January  next  following  the  date  upon  which  this

                         Convention enters into force; and

            (b)        with  regard to other taxes, in  respect  of taxable years  or 

                         accounting  periods beginning  on  or  after the  first  day  of

                         January  next following the date upon  which  this Convention

                         enters into force.

 

 

ARTICLE 29
TERMINATION

 

            This  Convention   shall   remain   in force indefinitely,  but either of the Contracting States  may,  on  or  before 30th June in any calendar  year  beginning after  the expiration of  a period of five years from  the date  of  its  entry  into  force,  give  to  the   other Contracting  State, through diplomatic channels,  written notice of termination.

 

            In such event the Convention shall cease to have effect:

            (a)          in respect of taxes withheld at the  source,  on amounts

                           paid or remitted on or after  the  first day of January next

                           following that  in  which the notice is given;

            (b)         in  respect  of other taxes on  income,  for taxable years or

                          accounting  periods beginning  on  or  after the  first  day  of 

                          January  next  following that in  which  the notice is given.

 

 

            IN   WITNESS   WHEREOF,  the   undersigned   duly authorized thereto, have signed   this Convention.

 

            DONE  in duplicate at Nicosia on  this 27th    of October,  One thousand Nine hundred and Ninety-eighth Year  of  the  Christian  Era, in the English language.

 

 

FOR THE GOVERNMENT OF THE KINGDOM OF THAILAND

 

(Somboon  Sangiambut)

Ambassdor of Thailand to the Republic of Cyprus

FOR THE GOVERNMENT OF THE REPUBLIC OF CYPRUS

 

(Alecos   Shambos)

Permanent Secretary Ministry of Foreign Affairs of the Republic of Cyprus

 

 

 

Last updated: 08.12.2011