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(1) For the purposes of this Agreement, unless the context otherwise requires, a) the term “sovereign territory of a Contracting Party” and “sovereign territory of the other Contracting Party” shall mean the sovereign territory of these Contracting Parties as well as the area of the sea-bed or lake-bed, its sub-soil and the superjacent water column adjacent to the territorial sea or lake, wherein the Contracting Party concerned exercises sovereign rights and jurisdiction in conformity with international law and its national legislation in force for the purpose of exploring, exploiting, conserving and managing the living and non-living natural resources; b) the term “person” means an individual and a company and any body of persons; c) the term “company” means any body corporate or any entity that is treated as a body corporate for tax purposes; d) the terms “enterprise of a Contracting Party” and “enterprise of the other Contracting Party” mean respectively an enterprise carried on by a resident of the sovereign territory of a Contracting Party and an enterprise carried on by a resident of the sovereign territory of the other Contracting Party; e) the term “international traffic” means any transport by a ship or aircraft operated by an enterprise that has its place of effective management in the sovereign territory of a Contracting Party, except when the ship or aircraft is operated solely between places in the sovereign territory of the other Contracting Party; f) the term “national” means aa) on the German side any German within the meaning of the Basic Law for the Federal Republic of Germany and any legal person, partnership and association deriving its status as such from the laws in force in the Federal Republic of Germany; bb) on the Macedonian side any individual possessing the Macedonian nationality and any legal person, partnership and association deriving its status as such from the Macedonian laws in force; g) the term “competent authority” means aa) on the German side the Federal Ministry of Finance or the agency to which it has delegated its powers; bb) on the Macedonian side the Ministry of Finance or its authorised representatives.
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(2) As regards the application of the Agreement at any time by a Contracting Party any term not defined therein shall, unless the context otherwise requires, have the meaning that it has at that time under the law of the state of that Contracting Party for the purposes of the taxes to which the Agreement applies, any meaning under the applicable tax laws in the sovereign territory of that Contracting Party prevailing over a meaning given to the term under other laws of the state of that Contracting Party.