Common use of Tax Regime Clause in Contracts

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. Certificates and Evidence of Regularity 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. Income taxes, as well as taxes levied on acquisitions and generating credits that may be used by the ContractorContracted Party, 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 deemed reusable by the ContractorContracted Party, except for credits required to be cancelled or reversed as a result of the Applicable Laws and Regulations. The Contractor Contracted Party shall be responsible for demonstrating evidencing the amounts of tax credits that may not be used, so that they may can be recognized as Cost Oil. Certificates and Evidence of Regularity Upon request of by the Contracting Party or ANP, the Contractor Contracted Party shall present the originals or simple 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 may 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 is responsible for demonstrating the amounts amount of tax taxes due and paid and credits that may not be used, so that they may be recognized as Cost Oil. Certificates and Evidence of Regularity Upon request of the Contracting Party or ANP, the Contractor shall present the originals 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 taxesThe taxes on income, as well as taxes levied on acquisitions and generating credits that may to be used by the Contractor, Contracted Party 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 deemed reusable by the ContractorContracted Party, except for credits required to be cancelled or reversed as a result of the Applicable Laws and Regulations. The Contractor shall be Contracted Party is responsible for demonstrating evidencing the amounts of tax credits that may not be usedcredits, so that they may can be recognized as Cost Oil. Certificates and Evidence of Regularity Upon request of by the Contracting Party or ANP, the Contractor Contracted Party shall present the originals or simple 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.