Tax exemptions.
Section 130
SEC. 130. Tax exemptions.—The Central Bank of the Philippines shall be exempt, from all national, provincial, Municipal and city taxes and assessments now in force or hereafter established. The exemptions authorized in the preceding paragraph of this section shall apply to all property of the Central Bank, to the resources, receipts, expenditures, profits and income of the Bank, as well as to all contracts, deeds, documents and transactions related to the conduct of the business of the Bank: Provided, however, That said exemptions shall apply only to .such taxes and assessments for which .the Central Bank itself would otherwise be liable, and shall not apply to taxes or assessments payable by persons or other entities doing business with, the Central Bank.