Definition of interest payment. (1) For the purposes of this Agreement “interest payment” shall mean: (a) interest paid, or credited to an account, relating to debt claims of every kind, whether or not secured by mortgage and whether or not carrying a right to participate in the debtor’s profits, and, in particular, income from government securities and income from bonds or debentures, including premiums and prizes attaching to such securities, bonds or debentures; penalty charges for late payments shall not be regarded as interest payments; (b) interest accrued or capitalised at the sale, refund or redemption of the debt claims referred to in (a); (c) income deriving from interest payments either directly or through an entity referred to in Article 4(2) of this Agreement, distributed by –
Appears in 4 contracts
Samples: Agreement on the Taxation of Savings Income, Agreement on the Taxation of Savings Income, Agreement on the Taxation of Savings Income
