- 1
- For the purposes of this Convention, unless the context otherwise requires:
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- a)the term "Contracting State" means the Netherlands or Bangladesh, as the context requires; the term "Contracting States" means the Netherlands and Bangladesh;
- b)the term "the Netherlands" means the part of the Kingdom of the Netherlands that is situated in Europe including the part of the seabed and its sub-soil under the North Sea, to the extent that that area in accordance with international law has been or may hereafter be designated under Netherlands law as an area within which the Netherlands may exercise sovereign rights with respect to the exploration and exploitation of the natural resources of the sea bed or its sub-soil;
- c)the term "Bangladesh" means all the territory of the People's Republic of Bangladesh including the part of the seabed and its sub-soil thereof, to the extent that that area in accordance with international law has been or may hereafter be designated under Bangladesh law as an area within which Bangladesh may exercise sovereign rights with respect to the exploration and exploitation of the natural resources of the seabed or its sub-soil;
- d)the term "person" includes an individual, a company and any other body of persons;
- e)the term "company" means any body corporate or any other entity which is treated as a body corporate for tax purposes;
- f)the terms "enterprise of a Contracting State" and "enterprise of the other Contracting State" mean respectively an enterprise carried on by a resident of a Contracting State and an enterprise carried on by a resident of the other Contracting State;
- g)the term "international traffic" means any transport by a ship or aircraft operated by an enterprise which has its place of effective management in a Contracting State, except when the ship or aircraft is operated solely between places in the other Contracting State;
- h)the term "nationals" means:
- (1)all individuals possessing the nationality of one of the Contracting States;
- (2)all legal persons, partnerships and associations deriving their status as such from the laws in force in a Contracting State;
- i)the term "competent authority" means:
- (1)in the Netherlands the Minister of Finance or his duly authorised representative;
- (2)in Bangladesh the National Board of Revenue or its authorised representative.
- 2
- As regards the application of the Convention by a Contracting State any term not defined therein shall, unless the context otherwise requires, have the meaning which it has under the law of that State concerning the taxes to which the Convention applies.
