Common use of Profit Tax Clause in Contracts

Profit Tax. As a Xxxxx [0, 0, 0], Xxxx [0, 2, 3] project under the Investment Law, the Project shall be exempt from the profit tax for a period of [ten (10), six (6), four (4), two (2), one (1)] years from the Commercial Operations Date. Following the period of tax exemption, the Project Company shall pay profit tax at the rate of twenty four percent (24%), which shall be calculated in accordance with the principles listed in Annex II (Rules Of The Computation Of Profit Tax).

Profit Tax. As a Xxxxx [0, 0, 0], Xxxx [0, 2, 3] project under the Investment Law, the Project shall be exempt from the profit tax for a period of [ten (10), six (6), four (4), two (2), one (1)] years from the Commercial Operations Datedate that the Project Company commences commercial operations. Following the period of tax exemption, the Project Company shall pay profit tax at the rate of twenty four percent (24%), which 24%),which shall be calculated in accordance with the principles listed in Annex II (Rules Of The Computation Of Profit Tax).