Tax Regime. Income taxes, as well as taxes levied on acquisitions and generating credits that may be used by the Contractor, are not recoverable as Cost Oil.
Tax Regime. The Concessionaire shall be subject to the tax regime in the federal, state and municipal scopes, undertaking to comply with it under the terms, deadlines, and conditions defined in the Applicable Laws and Regulations. Upon request of ANP, the Concessionaire shall submit the original copies or certified copies of all certificates, registration acts, authorizations, evidence of enrollment in taxpayers’ registries, evidence of tax regularity, evidence of regular standing as to the payment of the social charges instituted by law, enrollments in entities or professional associations, and any other similar documents or certificates.
Tax Regime. Income taxes, as well as taxes levied on acquisitions and generating credits that may be used by the Contractor, are not recoverable as Cost Oil. Credits arising from the non-cumulative nature aiming at the recovery of the tax burden levied on the previous phase shall be used by the Contractor, except for credits required to be cancelled or reversed as a result of the Applicable Laws and Regulations. The Contractor shall be responsible for demonstrating the amounts of tax credits that may not be used, so that they may be recognized as Cost Oil. Upon request of the Contracting Party or ANP, the Contractor shall present the originals or copies of all certificates, registration acts, authorizations, evidence of enrollment in taxpayers’ registries, evidence of tax regularity, evidence of regular standing as to the payment of the social charges instituted by law, enrollments in entities or professional associations, and any other similar documents or certificates.
Tax Regime. The Concessionaire shall be subject to the tax regime in the federal, state and municipal scopes, undertaking to comply with it under the terms, deadlines, and conditions defined in the Applicable Laws and Regulations.
Tax Regime. 11.1 Each of the entities which make up the Contractor shall be subject to the Industrial and Commercial Income Tax levied on the net profits earned in relation to the Petroleum Operations in accordance with Articles 66 to 74 of the Crude Hydrocarbons Code and the provisions of the Accounting Procedure found in Appendix 2 of this Contract.
Tax Regime. 16.1 The Concessionaire shall be subject to the applicable national, regional and municipal tax legislation, having to comply with all tax obligations that correspond to the exercise of its activity. The Concessionaire shall be obliged, in the terms set forth in the Applicable Laws and Provisions, to pay all taxes, levies and fees applicable, among others, to the Concession Assets or those that are built or incorporated in the Concession, whether such taxes are administered by the national, regional or municipal government, provided that such taxes, levies and fees are directly linked to performance of activities pertaining to the Agreement.
16.2 The Concessionaire may sign a legal stability agreement with the Grantor which, according to the applicable regulations, has the rank of agreement law, pursuant to provisions in Legislative Decrees No. 662 and No. 757 and the first and second paragraph of Article 19 in the TUO, after complying with conditions and requirements established in those rules.
16.3 In addition, the Concessionaire may access the corresponding tax benefits, provided that it complies with the procedures, requirements and substantial and formal conditions set forth in the Applicable Laws and Provisions.
Tax Regime. The Concessionaire shall be subject to the tax regime at the Federal, State and Municipal levels, being obliged to comply with their dispositions, terms and conditions defined by the applicable Brazilian legislation.
Tax Regime. The transaction formalized in this Agreement must be considered a transaction subject to, but exempt from, V.A.T., in accordance with Article 20.1.
Tax Regime. This lease is subject to V.A.T. at the currently-prevailing rate of 19.60%. This tax shall be paid to the Lessor in addition to the rent and service charges, as and when these become payable.
Tax Regime. The Concessionaire will be subject to the national, regional and municipal tax laws that may be applicable, and must fulfill all the tax obligations derived from the performance of its activities. The Concessionaire agrees, under the terms established in the Applicable Laws and Provisions, to pay all the taxes, contributions and fees that may be applicable, among other, to the QGS and, in general, to those that may be constructed and added to the Concession, whether of a National, Regional or Municipal nature.
