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1946–1947
United Nations—Treaty Series
167
Section 4. Without being restricted by financial controls, regulations or moratoria of any kind,
- (a) The United Nations may hold funds, gold, or currency of any kind and operate accounts in any currency;
- (b) The United Nations shall be free to transfer its funds, gold, or currency to or from Switzerland or within Switzerland and to convert any currency held by it into any other currency.
In exercising its rights under this section, the United Nations shall pay due regard to any representations made by the Swiss Federal Council insofar as the Organization considers that effect can be given to such representaions without detriment to its interests.
Section 5. The United Nations, its assets, income and other property shall be:
- (a) Exempt from all direct and indirect taxes whether federal, cantonal, or communal. It is understood, however, that the United Nations will not claim exemption from taxes which are, in fact, no more than charges for public utility services;
- (b) Exempt from the droit de timbre on coupons instituted by the Swiss Federal law of 25 June 1921, and from the impôt anticipé introduced by the Federal Council decree, 1 September 1943, and supplemented by the Federal Council decree of 31 October 1944. The exemption shall be effected by the repayment to the United Nations of the amount of tax levied on its assets;
- (c) Exempt from all customs duties in respect of articles imported or exported by the United Nations for its official use. It is understood, however, that articles imported under such exemption will not be sold in Switzerland except tinder conditions agreed with the Swiss Federal Council;
- (d) Exempt from all prohibitions and restrictions on imports and exports in respect of articles intended for the official use of the United Nations, on the understanding that the United Nations will use its good offices to obtain if necessary the consent of any other State which may be concerned, and subject to the provisions of general international conventions and public health measures;
- (e) Exempt from all customs duties, prohibitions, and restrictions on imports and exports in respect of its publications.
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