We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Tax Regime Clause in Contracts

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.

Appears in 4 contracts

Samples: SGT Concession Agreement, SGT Concession Agreement, SGT Concession Agreement