- Draft legislation
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Bank for International Settlements (Immunities and Privileges) Order 2021 No. 533
7.—(1) Within the scope of its official activities, the Bank is exempt from all direct taxes on its assets, property, income, gains, operations and transactions, except where the tax is charged for specific public services rendered.
(2) The Bank is not liable for the collection or payment of any tax, duty (whether customs or excise) or rate.
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