Publication: Magyar Közlöny
Issue: MK-2011-128 (Year: 2011, Number: 128)
Era: contemporary
Section: 2011. évi CXLV. törvény
Paragraph Index: 1090

3. Notwithstanding the provisions of paragraph 2, interest referred to in paragraph 1 shall be taxable only in the Contracting State in which the beneficial owner is a resident if: (a) the beneficial owner is a Contracting State, a political subdivision or a local authority thereof, or the Central Bank of a Contracting State; (b) the interest is paid by any of the entities mentioned in sub-paragraph (a); (c) the interest arises in Hungary and is paid in respect of a loan for a period of not less than 3 (three) years granted, guaranteed or insured by Banco de México, Banco Nacional de Comercio Exterior, S.N.C., Nacional Financiera, S.N.C. or Banco Nacional de Obras y Servicios Públicos, S.N.C., or by any other institution, as may be agreed from time to time between the competent authorities of the Contracting States; or (d) the interest arises in Mexico and is paid in respect of a loan for a period of not less than 3 (three) years granted, guaranteed or insured, by Magyar Export-Import Bank Zrt. (Eximbank Zrt.), Magyar Exporthitel Biztosító Zrt. (Mehib Zrt.), Magyar Fejlesztési Bank Zrt. (MFB) or by any other institution, as may be agreed from time to time between the competent authorities of the Contracting States.

Source: https://magyarkozlony.hu/hivatalos-lapok/e5485bbe2b4799f35a054d9c427707c39671831b/dokumentumok/b22cbff19437bd824a6a45069abc926a3646e57f/letoltes