First: All ministries, bodies, public institutions, companies, any private entities (and the similar) or any natural person that contracted with any foreign Incorporated Body whether through contracts, agreements or any transactions shall retain 5% of the contract, agreement or transaction value or from each payment to the Incorporated Body.

Second: Amounts retained from such bodies shall not be released unless under a letter from The Tax Department or a certificate issued to the Incorporated Body evidencing release of its amounts retained.

Third: All bodies mentioned above shall provide the Tax Department with the value of the tax retention in addition to the statements mentioned in Executive Rule No. 3 concerning notification of any contracts, agreements or transactions with the Incorporated Body.

Fourth: Amounts retained with these bodies shall be considered on trust for the interest of the State Public Treasury until settlement of the tax due.

Fifth: An official address should be identified for the Incorporated Body requesting the release of the income tax retention.