(b) in the United Kingdom:
(i) in respect of taxes withheld at source, to income derived on or after 1 st January in the calendar year next following that in which this Convention enters into force;
(ii) subject to sub-paragraph (b)(i) above, 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 this Convention enters into force;
(iii) in respect of corporation tax, for any financial year beginning on or after 1 st April in the calendar year next following that in which this Convention enters into force.
(2) The Convention between the Hungarian People’s Republic and the United Kingdom of Great Britain and Northern Ireland signed at Budapest on 28th November 1977 („the prior Convention”) shall cease to be effective from the dates upon which this Convention has effect in accordance with the provisions of paragraph (1) and shall terminate on the last such date.
(3) Notwithstanding the entry into force of this Convention, an individual who is entitled to the benefits of Article 21 (Teachers) of the prior Convention at the time of entry into force of this Convention shall continue to be entitled to such benefits until such time as the individual would have ceased to be entitled to such benefits if the prior Convention had remained in force.
This Convention shall remain in force until terminated by one of the Contracting States. Either Contracting State may terminate this 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 this Convention. In such event, this Convention shall cease to have effect:
(a) in Hungary:
(i) in respect of taxes withheld at source, to income derived on or after 1 st January in the calendar year next following that in which the notice is given;
(ii) in respect of other taxes on income, to taxes chargeable for any tax year beginning on or after 1st January in the calendar year next following that in which the notice is given;
(b) in the United Kingdom:
(i) in respect of taxes withheld at source, to income derived on or after 1 st January in the calendar year next following that in which the notice is given;
(ii) subject to sub-paragraph (b)(i) above, 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;
(iii) in respect of corporation tax, for any financial year beginning on or after 1 st April in the calendar year next following that in which the notice is given.
In witness whereof the undersigned, duly authorised thereto, have signed this Convention.
Done in duplicate at Budapest this 7th day of September 2011, in the Hungarian and English languages, each text being equally authoritative.
| For the Republic of Hungary: | For the United Kingdom of Great Britain and Northern Ireland: |
(signatures)
At the moment of signing the Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital gains, this day concluded between Hungary and the United Kingdom, the undersigned have agreed upon the following provisions which shall be an integral part of the Convention:
(1) With reference to Articles 4 and 25:
It is understood that in the absence of a mutual agreement referred to in paragraph (4) of Article 4, the competent authorities may nevertheless consult together for the elimination of double taxation as envisaged by paragraph (3) of Article 25.
(2) With reference to Article 17:
Having regard to the Hungarian Government’s intention to change the tax treatment of pensions, representatives of the two Governments will consult before 2013 to re-examine the provisions of Article 17 to see if they still deal appropriately with any new tax treatment, and if necessary discuss an amending protocol to this Convention.
(3) With reference to paragraph (1) of Article 25:
It is understood that access to the mutual agreement procedure is subject to the time limits specified in the domestic laws of the Contracting States.
In witness whereof the undersigned, duly authorised thereto, have signed this Protocol.
Done in duplicate at Budapest this 7th day of September 2011., in the Hungarian and English languages, each text being equally authoritative.
| For the Republic of Hungary: | For the United Kingdom of Great Britain and Northern Ireland: |
(signatures)”
4. § (1) Ez a törvény - a (2) bekezdésben meghatározott kivétellel - a kihirdetését követő napon lép hatályba.
(2) A 2. és 3. § az Egyezmény 28. Cikk (1) bekezdésében meghatározott időpontban lép hatályba.
(3) A Magyar Népköztársaság és Nagy-Britannia és Észak-Írország Egyesült Királyság között a kettős adóztatás elkerülésére a jövedelemadók területén Budapesten, az 1977. évi november hó 28. napján aláírt egyezmény kihirdetéséről szóló 1978. évi 15. törvényerejű rendelet (a továbbiakban: Tvr.) a Magyar Népköztársaság és Nagy-Britannia és Észak-Írország Egyesült Királyság között a kettős adóztatás elkerülésére a jövedelemadók területén Budapesten, az 1977. évi november hó 28. napján aláírt egyezmény (a továbbiakban: korábbi egyezmény) megszűnésének az Egyezmény 28. Cikkének 2. bekezdésében meghatározott napján hatályát veszti.
(4) Az Egyezmény, valamint a 2. és 3. § hatálybalépésének, továbbá a korábbi egyezmény megszűnésének és a Tvr. hatályvesztésének naptári napját a külpolitikáért felelős miniszter - annak ismertté válását követően - a Magyar Közlönyben haladéktalanul közzétett egyedi határozatával állapítja meg.
(5) E törvény végrehajtásához szükséges intézkedésekről az adópolitikáért felelős miniszter gondoskodik.
