Concession Tax and Customs Regime Sample Clauses

Concession Tax and Customs Regime. 9.4.1. The CONCESSIONAIRE will be subject to the national, regional and municipal tax legislation that may be applicable, complying with all tax obligations that apply to the exercise of its activity. The CONCESSIONAIRE will be required, in the terms provided by Applicable Laws, to pay all taxes, levies and duties that apply among others to the Concession Assets, whether such taxes are administered by the national, regional or municipal government from the time of the Take of Possession, provided that such taxes, levies and duties are directly related to the exercise of the current Concession. 9.4.2. Any variation in taxes, including any change of tax, customs rates arising after the Closing Date, will be taken into account for purposes of the provisions in Section 9.3 of this Contract. 9.4.3. The CONCESSIONAIRE can subscribe a legal stability agreement with the Republic of Peru, which has contract-law status according to the applicable regulations, in accordance with the provisions of Legislative Decrees No. 662 and No. 757 and the TUO, subject to compliance with the conditions and requirements of these regulations. 9.4.4. In addition, the CONCESSIONAIRE may access the tax benefits that apply, provided the requirements and substantive and formal conditions outlined in the Applicable Laws are complied with. 9.4.5. The CONCESSIONAIRE shall be subject to customs provisions that are applicable as required by Applicable Laws, complying with all customs duties corresponding to the nature of its business. 9.4.6. Regulations contained in Legislative Decree No. 1053 and Supreme Decree No. 037-2008-MTC will be applicable, as well as other related rules and amendments.
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Related to Concession Tax and Customs Regime

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