ARTICLE 28

Entry into Force

Paragraph 1 provides that the Convention be ratified by the Contracting States, in accordance with their applicable procedures, and that the instruments of ratification be exchanged as soon as possible.

Paragraph 2 provides that the Convention will enter into force upon the exchange of instruments of ratification. Once the Convention enters into force it shall have effect:

(a) in the United States, in respect of tax withheld at the source, to amounts paid or credited on or after the first day of the second month following the date on which the

Convention enters into force, and in respect of other taxes, for taxable years beginning on or after January 1, 1984; and

(b) in Barbados, for income and corporation tax for the income year beginning on or after January 1, 1984, for the petroleum winning operations tax for any accounting year beginning on or after January 1, 1984, and for the branch profits tax and the tax on the premium income of insurance companies for the income year beginning January 1, 1984.