- 1
- For the purposes of this Convention, unless the context otherwise requires:
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- a)the term “a Contracting State” and “the other Contracting State” mean the Kingdom of the Netherlands in respect of Aruba or the Republic of Latvia as the context requires;
- b)the term “Aruba” means: that part of the Kingdom of the Netherlands that is situated in the Caribbean area and consisting of the Island Aruba;
- c)The “contracting party” being a Member State of the European Union means: the Republic of Latvia;
- d)the term “Directive” means Directive 2003/48/EC of the Council of the European Union of 3 June 2003 on taxation of savings income in the form of interest payments, as applicable at the date of signing this Convention;
- e)the term “beneficial owner” means the beneficial owner according to Article 2 of the Directive;
- f)the term “paying agent” means the paying agent according to Article 4 of the Directive;
- g)the term “competent authority” means:
- i)In the case of Aruba: “The Minister of Finance or his authorised representative”.
- ii)In the case of the Republic of Latvia: the competent authority of that State according to Article 5 of the Directive.
- h)the term “interest payment” means the interest payment according to article 6, due account being taken of Article 15, of the Directive;
- i)any term not otherwise defined herein shall have the meaning given to it in the Directive.
- 2
- For the purposes of this Convention, in the provisions of the Directive to which this Convention refers, instead of “Member States” has to be read: Contracting States.
