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Article (51) Financial Exemptions

Fed Law 14/2018 Issued on 1/10/2018

1) The Central Bank shall be exempt from the following:

  • a. Taxes, fees, and payments relating to its capital, reserves, Currency issue, or income.
  • b. Taxes, fees, and payments relating to its contribution, shares, or profits originating from companies and establishments it owns part of its capital.

2) The Central Bank and the companies and establishments it owns the majority of its shares shall be exempt from Court fees and bail bonds required by law