F.:
no 197 20:04 UTEL
5.
Taxes and Customs
(a) Noting that the Organizations, their assets, property, income,
operations, and transactions authorized by their respective Articles of
Agreement are immune from all taxation, and that the Organizations are
immune from liability for the collection or payment of any tax, the
Governments shall ensure that no sales tax, value-added-tax or similar tax
on the supply of goods, services, or accommodation to the Organizations
shall be levied, whether the tax is due by the seller/supplier or the
purchaser. Moreover, as the Organizations are also immune from all customs
duties and from liability for the collection or payment of any duty, the
Governments shall ensure the entry and the exit, free of duty and without
inspection or recording, of all property brought into or taken from
Hong Kong by or on behalf of the Organizations for the 1997 Annual Meetings.
Such property shall be identified by special shipping labels issued by the
Organizations in collaboration with the Governments.
(b) Personal baggage belonging to Governors, Executive Directors,
Alternates, members of committees, Executive Directors, representatives,
advisors to any of the foregoing persons, officers and employees of the
Organizations, and other persons invited or accredited by the Organizations
to be present at the Meetings, identified by special luggage tags to be
issued by the Organizations in collaboration with the Governments, shall be
admitted free of duty and taxes, and expedited through customs upon entry
into and exit from Hong Kong.
43
12