1. The Contracting States shall notify each other in writing, through diplomatic channels, that the procedures required by its law for the entry into force of this Convention have been satisfied. The Convention shall enter into force on the date of receipt of the last notification.
2.
This Convention shall be applicable:
a)
in respect of taxes withheld at source, to income derived on or after the first day of the third month next following the date on which the Convention enters into force;
b)
in respect of other taxes on income, and taxes on capital, to taxes chargeable for any taxable year beginning on or after the first day of January of the calendar year next following the year in which the Convention enters into force.