Publication: Magyar Közlöny
Issue: MK-2011-128 (Year: 2011, Number: 128)
Era: contemporary
Section: 2011. évi CXLIV. törvény
Paragraph Index: 846

(1) Each of the Contracting States shall notify the other, through diplomatic channels, of the completion of the procedures required by its law for the bringing into force of this Convention. This Convention shall enter into force on the 30th day following the receipt of the later of these notifications and shall thereupon 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 this Convention enters into force; (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 this Convention enters into force; (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 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 assessmentbeginningon or after 6th April in the calendaryear next followingthat in whichthis Convention enters into force; (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 this Convention enters into force.

Source: https://magyarkozlony.hu/hivatalos-lapok/e5485bbe2b4799f35a054d9c427707c39671831b/dokumentumok/b22cbff19437bd824a6a45069abc926a3646e57f/letoltes