Protocol to the 1950 Treaty (1953)

PROTOCOL TO THE 1950 TREATY (1953)
    

Date of Conclusion: 30 December 1953.

Entry into Force: 30 December 1953.

Effective Date: 1 January 1953.
 

PROTOCOL OF EXCHANGE OF
INSTRUMENTS OF RATIFICATION

The undersigned, the Honorable Cavendish W. Cannon, Ambassador of the United States of America in Greece, and His Excellency, Alexander Papagos, Field Marshal of Greece Prime Minister, Minister of Foreign Affairs and interim, being duly authorized by their respective Governments, have met for the purpose of exchanging the instruments of ratification by their respective Governments of the convention between the United States of America and the Kingdom of Greece for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, signed at Athens on February 20, 1950, and the respective instruments of ratification of the convention aforesaid having been compared and found to be in due form, the exchange took place this day.

As recited in the ratification on the part of the United States of America, the Senate of the United States of America, in its resolution of September 17, 1951 advising and consenting to the ratification of the convention aforesaid, expressed a certain understanding with respect thereto, as follows:

“It is understood that the application of Article XIX of the convention shall be confined and limited as granting authority to each Contracting State to collect only such taxes imposed by the other Contracting State as will insure that the exemption or reduced rate of tax granted under the present convention by such other State shall not be enjoyed by persons not entitled to such benefits”.

The text of the said understanding was communicated by the Government of the United States of America to the Government of the Kingdom of Greece. The Government of the Kingdom of Greece has accepted the said understanding by a supplementary protocol signed in Athens on April 20, 1953 and ratified by Legislative Decree No. 2548, of August 16, 1953, promulgated with the advice and consent of the Interim Parliamentary Committee and published in the Greek Government Gazette, Volume I, Folio 231, of August 27, 1953.

Accordingly it is understood by the two Governments that, upon entry into force of the convention aforesaid in accordance with its provisions, Article XIX thereof shall be applied in accordance with the said understanding.

Done in duplicate, in the English and Greek languages, at Athens this 30th day of December 1953.

In witness whereof, the respective Plenipotentiaries have signed the present Protocol of Exchange.