Common use of Purpose of accounting procedure Clause in Contracts

Purpose of accounting procedure. The purpose of the Accounting Procedure contained in this Annexure is to establish principles and procedures of accounting which will enable the Minister of Finance to monitor the Company's expenditures, production and receipts so that the Government's entitlement to petroleum income tax and additional profits tax under the Taxation Act and to royalty under section 62, or annual charges under section 67, of the Petroleum Act can be accurately determined.

Purpose of accounting procedure. The purpose of the Accounting Procedure contained in this Annexure is to establish principles and procedures of accounting which will enable the Minister of Finance to monitor the Company's ’s expenditures, production and receipts so that the Government's Governments entitlement to petroleum income tax and additional profits tax under the Taxation Act and to royalty under section 62, or annual charges under section 67, of the Petroleum Act can be accurately determined.

Purpose of accounting procedure. The purpose of the Accounting Procedure contained in this Annexure is to establish principles and procedures of accounting which will enable the Minister of Finance to monitor the Company's ’s expenditures, production and receipts so that the Government's ’s entitlement to petroleum income tax and additional profits tax under the Taxation Act and to royalty under section 62, or annual charges under section 67, of the Petroleum Act can be accurately determined.

Purpose of accounting procedure. The purpose of the Accounting Procedure Proced ure contained in this Annexure is to establish principles and procedures of accounting which will enable the Minister of Finance to monitor the Company's expenditures, production and receipts so that the Government's entitlement to petroleum income tax and additional profits tax under the Taxation Act and to royalty under section 62, or annual charges under section 67, of the Petroleum Act can be accurately determined.