Common use of TAX REGIMEN Clause in Contracts

TAX REGIMEN. 16.1 The CONCESSIONAIRE shall be subject to all applicable national, regional, and municipal tax laws, and shall comply with all of the tax obligations to which it is subject in relation to the performance of its activities. The CONCESSIONAIRE shall be obligated, in the terms established in the Applicable Laws and Provisions, to pay all taxes, contributions, and fees, that apply, among others, to the Concession Assets or those that form part of or are incorporated into the Concession, whether said taxes are levied by the national, regional, or municipal government, provided said taxes, contributions, and fees are directly tied to the exercise of the activities by virtue of the Contract. 16.2 The CONCESSIONAIRE may enter into a legal stability agreement with the GRANTOR, which, in accordance with the applicable laws, has the status of contract-law, in accordance with the provisions established in Legislative Orders No. 662 and No. 757 and the first and second paragraph of Section 19 of the Single Revised Text (TUO) of the norms with the rank of Law regulating the delivery in concession to the private sector of public infrastructure works and public utilities approved by Executive Order No. 059-96-PCM, after first meeting the conditions and requirements established in said norms. 16.3 The CONCESSIONAIRE may likewise avail itself of the tax benefits to which it is entitled, provided it complies with the substantial and formal procedures, requirements, and conditions established in the Applicable Laws and Provisions.