Artikel 1

1. Within the scope of its official activities, the NC3O, its assets, income and all other property shall be exempt from all direct taxes.
2. Within the scope of its official activities, the NC3O shall be exempt from the following indirect taxes:
a) motor vehicle tax (motorrijtuigenbelasting);
b) tax on passenger motor vehicles and motorcycles (belasting van personenauto's en motorrijwielen, BPM);
c) value added tax which forms part of the price of goods purchased by and of services rendered to NC3O (omzetbelasting);
d) excise duties (accijnzen) included in the price of alcoholic beverages and hydrocarbons such as fuel oils and motor fuels and other taxes levied as excise duties;
e) energy tax (REB, Regulerende Energie Belasting)
f) import taxes and duties (rechten bij invoer en uitvoer);
g) insurance tax (assurantiebelasting);
h) real property transfer tax (overdrachtsbelasting);
i) any other taxes and duties of a substantially similar character to the taxes and duties provided for in this paragraph, imposed by the Netherlands subsequently to the date of this letter.
These exemptions will be granted under the principles applicable to former STC.
Goods acquired or imported under the terms set out in this provision shall be sold, given away or otherwise disposed of in accordance with conditions agreed upon with the Netherlands Government and/or in accordance with NATO provisions.