Common use of Audit and Adjustment Clause in Contracts

Audit and Adjustment. In addition to any other powers under Lao PDR Law, Government shall be entitled to audit the tax returns of Project Company for a period of five (5)years from the date of filing and to make such adjustments as may be required to reasonably reflect Project Company’s income or tax liability. Project Company shall make such information available to Government as reasonably required to conduct such audit including information, which may be held by affiliated or related Persons outside of Lao PDR.

Audit and Adjustment. In addition to any other powers under Lao PDR Law, Government shall be entitled to audit the tax returns of Project Company for a period of five (5)years from the date of filing and to make such adjustments as may be required to reasonably reflect Project Company’s income or tax liability. Project Company shall make such information available to Government as reasonably required to conduct such audit including information, information which may be held by affiliated or related Persons outside of Lao PDR.. ARTICLE 12 ACCOUNTING, BANK ACCOUNT, FOREIGN EXCHANGE AND AUDIT

Audit and Adjustment. In addition to any other powers under Lao Xxx PDR Law, Government shall be entitled to audit the tax returns of Project Company for a period of five (5)years from the date of filing and to make such adjustments as may be required to reasonably reflect Project Company’s income or tax liability. Project Company shall make such information available to Government as reasonably required to conduct such audit including information, information which may be held by affiliated or related Persons outside of Lao PDR.. ARTICLE 12 ACCOUNTING, BANK ACCOUNT, FOREIGN EXCHANGE AND AUDIT