0012 | II Série A - Número 080S2 | 26 de Janeiro de 2006

Article 10
Direct tax exemptions

The property and income resulting from the official activities of each Group are exempt from all direct taxes, including corporate income tax, capital tax and capital gains tax, conveyance tax and local tax on real estate.

Article 11
Indirect tax exemptions

1 - The goods and services acquired by each Group for official activities are exempt from all indirect taxes, including value added tax (VAT), automobile tax, taxes concerning petroleum products and alcoholic beverages tax.
2 - Relating to VAT, each Group, on acquiring new automobiles, goods and services from the national market for their official activities, shall be reimbursed if the value of each acquisition exceeds Euros 270.00, taxes included.
3 - The acquisition of goods and services referred to in the previous paragraph, purchased in other member States of the European Union, are not subject to the payment of VAT in Portugal.
4 - On purchasing in the national market new automobiles for official use, each Group shall be exempt from paying the automobile tax.

Article 12
Import and export exemptions

1 - Each Group shall be exempt from import and export duties and from any other taxes, prohibitions and restrictions on goods of whatsoever nature imported or exported by them as the result of its official activities.
2 - Imported, exported or transferred goods, if transported as luggage, may be declared to the custom offices by using the diplomatic pouch, labels and forms.

Article 13
Alienation to third parties

1 - The goods acquired in accordance with Articles 10 and 11, or imported in accordance with Article 12 of this Agreement, shall not be donated, sold, rented or otherwise disposed of within five years of their acquisition.
2 - If the period specified in the previous paragraph is not respected, the competent authorities will be notified and any necessary taxes or import duties shall be paid.

Article 14
Funds, foreign currency and assets

1 - Without being restricted by controls, regulations or moratoria of any kind:

a) Each Group may hold funds, currency or movable valuables of any kind and operate accounts in any currency;
b) Each Group may freely transfer its funds, currency or movable valuables from one country to another or within any country and convert any currency held by it into any other currency.

2 - Each Group shall be exempt from paying stamp duties on banking operations.

PART IV
Immunities and privileges of representatives, staff members and experts

Article 15
Representatives

1 - The Representatives attending the meetings of any Group shall, while exercising their official functions and during their journey to and from the place of meeting, enjoy the following privileges and immunities:

a) Immunity from any legal proceedings, including both civil and criminal, even after the termination of their mission, in respect of words spoken or written, and all acts performed by them in their official capacity;
b) Inviolability of all official papers and documents;
c) When required by Portuguese or European Union legislation, issuance of passport visas for the representatives and their spouses or partners free of any cost and as rapidly as possible;