Interpretation

In his Order, unless the context otherwise requiresSchedule. “Agreement” means the Agreement between the Government of Belize and the Government of the Kingdom of Belgium for the Exchange of Information relating to Tax Matters, signed by Belgium on the 7th December 2009, and by Belize on the 29th December, 2009, as set out in the Schedule hereto; CAP. 272. “authorised representative” of the Minister means the Financial Secretary or the Director General of the International Financial Services Commission, appointed pursuant to section 8 of the International Financial Services Commission Act; “competent authority” means in the case of Belize, the Minister or the Financial Secretary; and in the case of Belgium, the Minister of Finance or his authorised representative; “days” means calendar days; CAP. 272. “IFS Practitioner” means any person or entity licensed by the International Financial Services Commission to carry on the business of ‘international financial services’ as that term is defined in section 2 of the International Financial Service Commission Act; CAP.263. CAP.267. “financial institution” means a bank or financial institution as defined in the Banks and Financial Institutions Act or the International Banking Act, and includes brokerage firms and insurance companies; “Minister” means the Minister of Finance; CAP. 104. “supervisory authority” shall have the meaning assigned to it in section 2 of the Money Laundering and Terrorism (Prevention) Act. 150 Income and Business Tax