AGREEMENT BETWEEN

GENERAL DEFINITIONS 1.  For the purposes of this Agreement, unless the context otherwise requires: a)  the term “Kingdom of Saudi Arabia” means the territory of the Kingdom of Saudi Arabia which also includes the area outside the territorial waters, where the Kingdom of Saudi Arabia exercises its sovereign and jurisdictional rights in their waters, sea bed, sub-soil and natural resources by virtue of its law and international law; b)  the term “Republic of Croatia” means the territory of the Republic of Croatia as well as those maritime areas adjacent to the outer limit of territorial sea, including seabed and subsoil thereof, over which the Republic of Croatia in accordance with international law and the laws of the Republic of Croatia exercises its sovereign rights and jurisdiction; c)  the terms “a Contracting State” and “the other Contracting State” mean the Kingdom of Saudi Arabia or the Republic of Croatia as the context requires; d)  the term “person” includes an individual, a company, and any other body of persons, including the Contracting State, its administrative or political subdivisions or local authorities; e)  the term “company” means any body corporate or any entity that 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 respectively an enterprise carried on by a resident of a Contracting State and an enterprise carried on by a resident of the other Contracting State; g)  the term “international traffic” means any transport by a ship or aircraft, except when the ship or aircraft is operated solely between places in a Contracting State and the enterprise that operates the ship or aircraft is not an enterprise of that Contracting State; h)  the term “national”, in relation to a Contracting State, means: (i)  any individual possessing the nationality of that Contracting State; and (ii)  any legal person, partnership or association deriving its status as such from the laws in force in that Contracting State; i)  the term “competent authority” means: (i)  in the case of the “Kingdom of Saudi Arabia”, the Ministry of Finance represented by the Minister of Finance or his authorised representative; (ii)  in the case of the “Republic of Croatia”, the Minister of Finance or his authorised representative; j)  the term “recognised pension fund” of a Contracting State means an entity or arrangement established in that Contracting State that is treated as a separate person under the taxation laws of that Contracting State and: (i)  that is established and operated exclusively or almost exclusively to administer or provide retirement benefits and ancillary or incidental benefits to individuals and that is regulated as such by that Contracting State or one of its administrative or political subdivisions or local authorities; or (ii)  that is established and operated exclusively or almost exclusively to invest funds for the benefit of entities or arrangements referred to in subdivision (i); k)  the term “investment fund” means any investment fund, entity or arrangement of a Contracting State, that 80 per cent or more of it is owned by residents of that Contracting State, which the competent authority of that Contracting State regards as an investment fund according to its legislation. 2.  As regards the application of this Agreement at any time by a Contracting State, any term not defined therein shall, unless the context otherwise requires, have the meaning that it has at that time under the law of that Contracting State for the purposes of the taxes to which this Agreement applies, any meaning under the applicable tax laws of that Contracting State prevailing over a meaning given to the term under other laws of that Contracting State.