International Insurance and Takaful Order, 2002 · s 61

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61.
(1)
No income tax, tax on capital gains or other tax, duty, levy or imposition of any description shall be payable, levied, withheld or collected in respect of the business of any licensee carried on or transacted under this Order.
(2)
No estate, inheritance, succession or similar tax shall be levied in respect of any business of any licensee carried on or transacted under this Order.
(3)
Notwithstanding anything in the Stamp Act (Chapter 34), duty shall not be chargeable on any instruments relating to the business of any licensee carried on or transacted under this Order, or relating to any policy or other document in any way concerning such business.
(4)
Notwithstanding any other written law, no filing or presentation of documents with or to any taxing or other analogous authority in
Brunei
Darussalam shall be required.
(5)
Expressions used in subsection
(3) have the same meaning as in the
Stamp Act (Chapter 34).
(6)
The exemptions conferred on a licensee by subsections
(1) to (4) may, at no extra charge, be evidenced by a certificate issued by the Minister confirming that the licensee is so exempt; and, without prejudice to the possibility of the issue of a further such certificate, any such certificate shall be valid for a period of 10 years from the date thereof.
PARTIX
MISCELLANEOUS
ANDGENERAL

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s 61

(1)

No income tax, tax on capital gains or other tax, duty, levy or imposition of any description shall be payable, levied, withheld or collected in respect of the business of any licensee carried on or transacted under this Order.

(2)

No estate, inheritance, succession or similar tax shall be levied in respect of any business of any licensee carried on or transacted under this Order.

(3)

Notwithstanding anything in the Stamp Act (Chapter 34), duty shall not be chargeable on any instruments relating to the business of any licensee carried on or transacted under this Order, or relating to any policy or other document in any way concerning such business.

(4)

Notwithstanding any other written law, no filing or presentation of documents with or to any taxing or other analogous authority in

Brunei

Darussalam shall be required.

(5)

Expressions used in subsection

(3)

have the same meaning as in the

Stamp Act (Chapter 34).

(6)

The exemptions conferred on a licensee by subsections

(1)

to (4) may, at no extra charge, be evidenced by a certificate issued by the Minister confirming that the licensee is so exempt; and, without prejudice to the possibility of the issue of a further such certificate, any such certificate shall be valid for a period of 10 years from the date thereof.

PARTIX

MISCELLANEOUS

ANDGENERAL