Publication: Magyar Közlöny
Issue: MK-2011-128 (Year: 2011, Number: 128)
Era: contemporary
Section: 2011. évi CXLIV. törvény
Paragraph Index: 848

(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 suchbenefitsuntilsuchtimeastheindividualwouldhaveceasedtobeentitled tosuchbenefitsif thepriorConvention had remained in force. ARTICLE 29 TERMINATION This Convention shall remain in force until terminated by one of the Contracting States. Either Contracting State may terminate this Convention,through diplomaticchannels,by giving noticeof terminationat leastsixmonthsbeforethe 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 1st 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 1st 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 1st 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 September2011, in the Hungarian and Englishlanguages,eachtext being equally authoritative. For the Republic of Hungary: For the United Kingdom of Great Britain and Northern Ireland: (signatures) PROTOCOL 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:

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