Italy (tax/treaty)

TERMINATION 1. This Convention shall remain in force for a period of ten years and shall remain in force thereafter for an unlimited period unless denounced in writing, through diplomatic channels, by either Contracting State twelve months before its expiration. 2. After the expiry of the period of ten years, this Convention may be denounced at any time, in writing through diplomatic channels, by either Contracting State twelve months before termination date. 3. 3. In the case of application of this Convention for the last time: a. In the case of taxes withheld at the source on the amounts paid on or before 31 December of the calendar year in the course of which the notice of termination of this Convention was given. b. In the case of other taxes on income or on capital derived or owned in the calendar year in which the notice of termination of this Convention was given. IN WITNESS WHEREOF the undersigned, duly authorized thereto, have signed this Convention. Done at Riyadh on January 13th , 2007, in two originals, each in the Arabic, Italian and English languages, all texts being equally authentic. In case of divergence on interpretation or application, the English text shall prevail. For the Government of the For the Government of the Italian R Kingdom of Saudi Arabia The Vice Prime Minister and Minist The Minister of Finance Dr. Ibrahim Al-Assaf Hon. Massimo D'Alema ADDITIONAL PROTOCOL to the Convention between the Government of the Kingdom of Saudi Arabia and the Government of the Italian Republic for the avoidance of double taxation with respect to taxes on income and on capital and the prevention of tax evasion. At the signing of the Convention between the Government of the Kingdom of Saudi Arabia and the Government of the Italian Republic for the avoidance of double taxation with respect to taxes on incomeand on capital and the prevention of tax evasion, the undersigned have agreed upon the following additional provisions which shall form an integral part of the said Convention. It is understood that: IN WITNESS WHEREOF the undersigned, duly authorised thereto, have signed this Additional Protocol. Done at Riyadh on January 13th , 2007, in two originals, each in the Arabic, Italian and English languages, all texts being equally authentic. In case of divergence on interpretation or application, the English text shall prevail. 1. With reference to Article 2, paragraph 3, letter b), if Italy will introduce in the future a tax on capital, this Convention shall apply to such tax, and double