Publication: Magyar Közlöny
Issue: MK-2008-178 (Year: 2008, Number: 178)
Era: 2004-2010
Section: 
Paragraph Index: 299

3. Notwithstanding the provisions of paragraph 2, interest arising in one of the Contracting States and paid to a resident of the other Contracting State who is the beneficial owner of this interest shall be taxable only in that other Contracting State if any of the following requirements is fulfilled: (i) the payer or the recipient of the interest is the Government of a Contracting State itself, a public body, an administrative-territorial subdivision or a local authority thereof or the Central Bank of a Contracting State; (ii) the interest is paid in respect of a loan which has been approved by the Government of the Contracting State of which the payer of the interest is a resident; (iii) the interest is paid in respect of a loan granted, approved, guaranteed or insured by the Government of a Contracting State, the Central Bank of a Contracting State, or agency or instrumentality (including a financial institution) wholly owned or controlled by the Government of a Contracting State.

Source: https://magyarkozlony.hu/hivatalos-lapok/3fc0ad87be38a5f2a24d49c506dea77d754bdd33/dokumentumok/dbc47fc4a0312a44919ed8a9622e330645eb85ed/letoltes