Exemption from tax, exchange control, etc

(1) Sums falling due to EIB 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 of sums falling due to EIB 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; and (b) take all such other steps as may be necessary. (5) The Government may grant like exemptions and concessions to EIB in respect of, (a) any EIB obligations of borrowers under loan agreements with EIB which are not guaranteed by the Government; (b) any proceeds of sales and realisations of shares in any limited companies; and Loans (European 8 Investment Bank) (c) any dividends, charges, fees, remuneration, or payments or obligations of any other kind whatsoever. (6) The Minister may by Order published in the Gazette provide for any of the matters referred to in subsections (4) and (5) of this section.