Tax exemptions

(1) Notwithstanding anything contained in the Income and Business Tax Act, the income, revenue and other receipts of the Institute shall be exempt from the payment of income tax and business tax. (2) All instruments executed by or on behalf of the Institute shall be exempt from stamp duty. 29 (3) Notwithstanding anything contained in any Act, all material, apparatus or equipment of any kind imported into Belize by the Institute for the purpose of carrying on its business shall be free of all customs duty and any other tax whatever. CAP. 250.