The Saeima has adopted and the President promulgated the following laws: a memorandum of understanding between the European Community, the Kingdom of Belgium, the Czech Republic, the Kingdom of Denmark, the Federal Republic of Germany, the Republic of Estonia, the Hellenic Republic, the Kingdom of Spain, the French Republic, Ireland, the Italian Republic, the Republic of Cyprus, the Republic of Latvia, the Republic of Lithuania, the Grand Duchy of Luxembourg, the Republic of Hungary, the Republic of Malta, the Kingdom of the Netherlands, the Republic of Austria, the Republic of Poland, the Portuguese Republic, the Republic of Slovenia, the Slovak Republic, the Republic of Finland , The Kingdom of Sweden, the United Kingdom of Great Britain and Northern Ireland and the Republic of San Marino, article 1. 2004 December 7 Brussels signed memorandum of understanding between the European Community, the Kingdom of Belgium, the Czech Republic, the Kingdom of Denmark, the Federal Republic of Germany, the Republic of Estonia, the Hellenic Republic, the Kingdom of Spain, the French Republic, Ireland, the Italian Republic, the Republic of Cyprus, the Republic of Latvia, the Republic of Lithuania, the Grand Duchy of Luxembourg, the Republic of Hungary, the Republic of Malta, the Kingdom of the Netherlands, the Republic of Austria, the Republic of Poland, the Portuguese Republic, the Republic of Slovenia, the Slovak Republic, the Republic of Finland, the Kingdom of Sweden, the United Kingdom of Great Britain and Northern Ireland and the Republic of San Marino (hereinafter the memorandum of understanding) with this law is adopted and approved.  2. article. The memorandum of understanding and compliance with the obligations provided for in the coordinated by the Ministry of finance.  3. article. The law shall enter into force on the day following its promulgation. With the law put a memorandum of understanding in the Latvian language. The law adopted by the Parliament of 22 June 2006. State v. President Vaira Vīķe-Freiberga in Riga, July 4, 2006 the memorandum of understanding between the European Community, the Kingdom of Belgium, the Czech Republic, the Kingdom of Denmark, the Federal Republic of Germany, the Republic of Estonia, the Hellenic Republic, the Kingdom of Spain, the French Republic, Ireland, the Italian Republic, the Republic of Cyprus, the Republic of Latvia, the Republic of Lithuania, the Grand Duchy of Luxembourg, the Republic of Hungary, the Republic of Malta, the Kingdom of the Netherlands, the Republic of Austria, the Republic of Poland, the Portuguese Republic, the Republic of Slovenia, the Slovak Republic, the Republic of Finland, the Kingdom of Sweden , The United Kingdom of Great Britain and Northern Ireland and the Republic of San Marino, the European Community, hereinafter referred to as ' the Community ', the Kingdom of Belgium, the Czech Republic, the Kingdom of Denmark, the Federal Republic of Germany, the Republic of Estonia, the Hellenic Republic, the Kingdom of Spain, the French Republic, Ireland, the Italian Republic, the Republic of Cyprus, the Republic of Latvia, the Republic of Lithuania, the Grand Duchy of Luxembourg, the Republic of Hungary, the Republic of Malta, the Kingdom of the Netherlands, the Republic of Austria, the Republic of Poland, the Portuguese Republic, the Republic of Slovenia, the Slovak Republic, the Republic of Finland, the Kingdom of Sweden, the United Kingdom of Great Britain and Northern Ireland and the Republic of San Marino , hereinafter referred to as "San Marino", have agreed on the following. Conclusion of the agreement, which set of measures equivalent to those referred to in Council of 3 June 2003 Directive 2003/48/EC (hereinafter referred to as the directive) on the taxation of savings income in the form of interest payments as a provision, the European Community, the Kingdom of Belgium, the Czech Republic, the Kingdom of Denmark, the Federal Republic of Germany, the Republic of Estonia, the Hellenic Republic, the Kingdom of Spain, the French Republic, Ireland, the Italian Republic, the Republic of Cyprus, the Republic of Latvia, the Republic of Lithuania, the Grand Duchy of Luxembourg , The Republic of Hungary, the Republic of Malta, the Kingdom of the Netherlands, the Republic of Austria, the Republic of Poland, the Portuguese Republic, the Republic of Slovenia, the Slovak Republic, the Republic of Finland, the Kingdom of Sweden, the United Kingdom of Great Britain and Northern Ireland and the Republic of San Marino signed a memorandum of understanding, which complements the agreement. 1. the signatories to the memorandum of understanding consider that the agreement between the European Community and Republic of San Marino providing for measures equivalent to those referred to in the directive, it is possible and acceptable to the both parties ' interests. So the parties in good faith apply eating events and refrain from any unilateral action that might undermine the agreement without reasonable cause. If the 3 June 2003 adopted directives and the agreement, in particular its article 4 and 6, there is a noticeable difference in the application, the Contracting Parties shall, in accordance with article 15 of the agreement (1) immediately started to consult to ensure equivalent measures provided for in the agreement. The signatories to the memorandum of understanding that the agreement referred to in article 13 the tax payment irregularities definition refers only to the needs related to the savings taxation agreement and do not oppose the actions and/or future decisions regarding tax payment irregularities in other circumstances and location. 2. during the transitional period laid down in the European Community will enter into discussions with other important financial centres, to contribute the equivalent of the legal basis for the adoption of measures that are applied in the community. 3. taking into account that the Republic of San Marino wishes to further engage the European economic environment as well as to participate fully in the European banking and financial system, which would be appropriate and desirable, the Republic of San Marino and the European Community as soon as possible, initiate consultations to determine the conditions that facilitate the reasonable parties in financial services, including insurance, and mutual recognition. In this context, the Republic of San Marino shall undertake to adopt and implement the acquis communautaire in the relevant sectors of the business now and in the near future, to maintain the proper functioning of the internal market, including the relevant precautionary rules and the supervision of operators in the Republic of San Marino. Any agreement in this area, you can also specify that the Republic of San Marino undertakes to implement other Community laws, both current and those that will be implemented in the future, for example, competition and taxation. 4. Following the in-depth context fiscal agreements with the Member States of the European Union and the Republic of San Marino in the frame of the exchange of information in accordance with the economic co-operation and development (OECD) standards will encourage wider cooperation on economic and tax issues. Recognizing the efforts of the Republic of San Marino, Republic of San Marino and European Union Member States to consult on a reciprocal basis, to reduce or cancel the double taxation with regard to various forms of income generation. 5. the European Community and the Republic of San Marino will consult to:-establish the procedures that have governed their agreements on the Customs Union and cooperation. In this regard, the Republic of San Marino is ready to adopt a computerized procedure, which would be similar to the Intrastat system; -better explore the Republic of San Marino citizens and enterprises to participate in community development and research programs and activities. Signed at Brussels, 7 December 2004, in duplicate in the Danish, Dutch, English, Finnish, French, German, Greek, Italian, Portuguese, Spanish and Swedish languages, each of these texts being equally authentic. Czech, Estonian, Hungarian, Latvian, Lithuanian, Maltese, Polish, Slovak and Slovenian language versions of the agreement shall be authenticated by the Contracting Parties through the exchange of letters. The text will be authentic, just like the previous version of this language.   The Kingdom of Belgium, Jan De Bock, on behalf of the Czech Republic Jan Kohou the Danish Kingdom Claus Grub is the name of the Federal Republic of Germany, Dr. Wilhelm Schönfelder. Republic of Estonia Mr väino Reinar Republic of Greece Vassilis Kaskarel of the Kingdom of Spain Carlos bastarreche Sagues, on behalf of the French Republic Pierre Sellal Anne Anderson of Ireland, the Italian Republic, on behalf of the Rocco Antonio Cangelos for the Republic of Cyprus Nicholas Emilio Latvian Republic Peter Ustub for the Republic of Lithuania of the Grand Duchy of Luxembourg Jusy Oscar on behalf of Martine Schommer, on behalf of the Republic of Hungary, Tibor Kiss Malta On behalf of the Republic of the Netherlands, Richard Caruana Cachi Kingdom Tom De Bruijn J.A.M. Austrian Gregor Woschnagg, on behalf of the Republic for the Republic of Poland Marek Grel Portuguese Republic Alvaro Manchester Center e Moura on behalf of the Republic of Slovenia Ciril Stokelj, on behalf of the Slovak Republic for the Republic of Finland Maro Sefcovic Eikk shall on behalf of the Kingdom of Sweden Kosonen Sven-Olof Petersson of the United Kingdom of Great Britain and Northern Ireland on behalf of John grant on behalf of the European Community, Gerrit Zalm Laszlo Kovacs, on behalf of the Republic of San Marino, Fabio Berardi