← belizelaw.ai · Loan (United Kingdom), Cap. 73
Exemption from tax, exchange control, etc
Cap. 73, s. 7 · Revised Edition 2020
(1) Sums falling due to UK under Relevant Documents shall be exempt from, and payable without any deduction in respect of, any withholding tax or other tax, levy, duty, fee or impost of any nature whatsoever.
(2) Relevant Documents shall be exempt from stamp and similar duties and charges.
(3) Notwithstanding anything to the contrary, payments or sums falling due to UK under Relevant Documents (and transactions required to give effect to such payments) shall be free of all exchange control restrictions and regulations so that such payments may be made in the manner, at the place, and in the currency or currencies provided for in Relevant Documents.
(4) If at any time it should prove necessary, in order to give full effect to the provisions of any Relevant Documents or to the provisions of subsections (1), (2) and (3) of this section,
then (without prejudice to the generality of those subsections) the Government shall promptly,
(a) grant or procure the granting of all such consents and authorisations as may be necessary;
(b) take all other steps as may be necessary.
(5) The Minister may, by Order published in the Gazette,
provide for any of the matters referred to in subsection (4) of this section.
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