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- 1. This Convention shall be approved in accordance with the legal procedures of each of the Contracting States and shall enter into force on the thirtieth day after the date of exchange of diplomatic notes indicating such approval.
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- 2. This Convention shall be applicable:
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- (a) in the United Kingdom:
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- (i) with respect to taxes withheld at source, to income derived on or after 1st January in the calendar year next following that in which the Convention enters into force;
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- (ii) subject to clause (i) of subparagraph (a) of this paragraph, with respect to 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 Convention enters into force; and
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- (iii) with respect to corporation tax, for any financial year beginning on or after 1st April in the calendar year next following that in which the Convention enters into force; and
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- (b) in Japan:
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- (i) with respect to taxes withheld at source, for amounts taxable on or after 1st January in the calendar year next following that in which the Convention enters into force; and
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- (ii) with respect to taxes on income which are not withheld at source and the enterprise tax, as regards income for any taxable year beginning on or after 1st January in the calendar year next following that in which the Convention enters into force.
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- 3. The Convention between the United Kingdom of Great Britain and Northern Ireland and Japan for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income signed at Tokyo on 10th February 1969 as amended by the Protocol signed at Tokyo on 14th February 1980 (‘the prior Convention’ ) shall cease to be effective from the date upon which this Convention has effect in respect of the taxes to which the Convention applies in accordance with the provisions of paragraph 2 of this Article.
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- 4. In respect of the development land tax and the petroleum revenue tax to which the prior Convention applies, the prior Convention shall cease to be effective from the date upon which this Convention enters into force.
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- 5. The prior Convention shall terminate on the last date on which it has effect in accordance with this Article.
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- 6. Notwithstanding the entry into force of this Convention, an individual who is entitled to the benefits of Article 22 of the prior Convention at the time of the entry into force of this Convention shall continue to be entitled to such benefits until such time as he would have ceased to be entitled to such benefits if the prior Convention had remained in force.