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ARTICLE 3
General Definitions
(1) In this Agreement, unless the context otherwise requires:
- (a) The term "Federal Republic of Germany", when used in a geographical sense, means the territory in which the Basic Law for the Federal Republic of Germany is in force, as well as any area adjacent to the territorial waters of the Federal Republic of Germany designated, in accordance with international law as related to the rights which the Federal Republic of Germany may exercise with respect to the sea-bed and subsoil and their natural resources, as domestic area for tax purposes;
- (b) The term "Iceland", when used in a geographical sense, means the territory of the Republic of Iceland, as well as any area adjacent to the territorial waters of Iceland designated, in accordance with international law as related to the rights which Iceland may exercise with respect to the sea-bed and subsoil and their natural resources, as domestic area for tax purposes;
- (c) The terms "a Contracting State" and "the other Contracting State" mean the Federal Republic of Germany or Iceland, as the context requires;
- (d) The term "person" comprises an individual, a company and any other entity taxes as such; it also includes a partnership;
- (e) The term "company" means any body corporate or any 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 an enterprise carried on by a resident of the Federal Republic of Germany or an enterprise carried on by a resident of Iceland, as the context requires;
- (g) The terms "resident of a Contracting State" and "resident of the other Contracting State" mean a resident of the Federal Republic of Germany or a resident of Iceland, as the context requires;
- (h) The term "tax" means German tax or Icelandic tax, as the context requires;
- (i) The term "nationals" means:
- (aa) In respect of the Federal Republic of Germany: All Germans within meaning of Article 116, paragraph (1), of the Basic Law for the Federal Republic of Germany and all legal persons, partnerships and associations deriving their status as such from the law in force in the Federal Republic of Germany;
- (bb) In respect of Iceland: All individuals possessing Icelandic nationality and all legal persons, partnerships and associations deriving their status as such from the law in force in Iceland;
- (j) The term "competent authority" means, in the case of the Federal Republic of Germany, the Federal Minister of Finance, and, in the case of Iceland, the Minister of Finance or his authorized representative.
(2) As regards the application of the Agreement by a Contracting State any term not otherwise defined shall, unless the context otherwise requires, have the meaning which it has under the laws of that Contracting State relating to the taxes which are the subject of the Agreement.