Exemption from taxes and duties

Notwithstanding anything to the contrary contained in the Income and Business Tax Act, the General Sales Tax Act, the Customs and Excise Duties Act, the Customs Regulation Act, the Exchange Control Regulation Act and any Regulations made under the said Acts, or in any other law, regulation, rule, order, ordinance or instrument having effect as part of the laws of BelizeCAP. 55. No. 49/05. CAP. 48. CAP. 49. CAP. 52. (a) the Developer shall, subject to section 4, be exempt from any taxes, duties or imposts under the aforesaid Acts and other laws; and (b) the exemptions specified in paragraph (a) shall vest in the Developer and shall have effect in Belize for a period of twenty years from the date of commencement of this Act.