Common use of Tax on Dividends and Interest Payments Clause in Contracts

Tax on Dividends and Interest Payments. Project Company shall pay the tax on dividends and interest payments in accordance with applicable Lao PDR Law, including without limitation the Tax Law. For purposes of the Tax Law, any interest paid with respect to debt supported or provided by any Person associated with or related to any shareholder shall be treated as interest paid to the shareholder.

Tax on Dividends and Interest Payments. Project Company shall pay the tax on dividends and interest payments in accordance with applicable Lao PDR Law, including without limitation the Tax Law. For purposes of the Tax Law, any interest paid with respect to debt supported or provided by any Person associated with or related to any shareholder shall be treated as interest paid to the shareholder.