TAXATION AND ROYALTY Sample Clauses

TAXATION AND ROYALTY. 37.1. Except as provided in this Article, the Contractor, Affiliated Companies, Sub-Contractors and individuals who are expatriates shall be subject to the income tax laws of Guyana, including, the Income Tax Act (Cap. 81:01), the Value Added Tax Act (Cap 81:05) and the Corporation Tax Act (Cap. 81:03) as modified or qualified by order issued under Section 55(1) of the Act, and shall separately comply with the requirements of those laws, in particular with respect to filing returns, assessment of tax, and keeping and showing of books and records.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
TAXATION AND ROYALTY. 38.1. Subject to Article 50, and except as provided in Article 38.2, 38.8, and except as otherwise set forth in this Article 38.1, no value-added tax, excise tax, duty, fee, charge or other impost shall be levied at the date hereof or from time to time thereafter on the Contractor or Affiliated Companies in respect of income derived from Petroleum Operations or in respect of any property held, transactions undertaken or activities performed for any purpose authorised or contemplated hereunder other than:
Sample 1Sample 2
TAXATION AND ROYALTY. 15.1 Except as provided in Article 15.2 and 15.8 and except as otherwise set forth in this Article 15.1, no tax, duty, fee, charge or other impost shall be levied at the date hereof or from time to time thereafter on the Contractor in respect of income derived from petroleum operations or in respect of any property held or thing done for any purpose authorised or contemplated hereunder other than -
Sample 1Sample 2
TAXATION AND ROYALTY. 15.1 The Contractor shall, in respect of its Petroleum Operations, be subject to income tax which shall be assessed and payable in accordance with the provisions of the Revenue Code, as amended, subject to Article 28.1 and Article 15.2. Tax return filing requirements, tax records, Ministry of Finance and Development Planning audit rights and other tax administration and procedural matters shall be governed by the Revenue Code, 2011. If the Contractor comprises several entities, each of said entities shall individually be subject to income tax pursuant to the Revenue Code, subject to Article
Sample 1Sample 2
TAXATION AND ROYALTY. (a) The Contractor shall be subject to Tanzanian taxes on income derived from Petroleum Operations hereunder, as provided for under the provisions of the Law.
Sample 1
TAXATION AND ROYALTY. 12.1 Each Party Responsible for Own Taxes 38 12.2 Development Licence and Production of Additional Gas 38 12.3 Income Taxes 38 12.4 Royalty 39 12.5 Withholding Tax Exemption for Dividends 39
Sample 1
TAXATION AND ROYALTY. (a) Subject to sub-article (b) below [option (2)], to tax, duty, fee or other impost shall be imposed on the Company or its shareholders in respect of income derived from Petroleum Operations hereunder or in respect of any property held or thing done for any purpose authorised or contemplated hereunder other than:
Sample 1
AutoNDA by SimpleDocs
TAXATION AND ROYALTY. (a) The Contractor shall be subject to taxes on income derived from Petroleum Operations hereunder, as provided for under the applicable Laws.
Sample 1
TAXATION AND ROYALTY. 12.1 Each Party Responsible for Own Taxes 38 12.2 Development Licence and Production of Additional Gas 38 12.3 Income Taxes 38 12.4 Royalty 39 12.5 Withholding Tax Exemption for Dividends 39 ARTICLE XIII ADDITIONAL PROFITS TAX 13.1 Basis and Calculation of Tax 40 13.2 Sample Calculation of Additional Profits Tax in Annex E 42 13.3 Records and Books of Account 42 13.4 Payment of Additional Profits Tax 42 ARTICLE XIV REPORTING, INSPECTION AND CONFIDENTIALITY 14.1 Reports 43 14.2 Data 43 14.3 Confidentiality 44
Sample 1

Related to TAXATION AND ROYALTY

  • PATENTS AND ROYALTIES Unless otherwise provided, the Contractor shall be solely responsible for obtaining the right to use any patented or copyrighted materials in the performance of the contract resulting from this Invitation for Bids. The Contractor, without exception, shall indemnify and save harmless the County and its employees from liability of any nature or kind, including cost and expenses for or on account of any copyrighted, patented, or unpatented invention, process, or article manufactured or supplied by the Contractor. In the event of any claim against the County of copyright or patent infringement, the County shall promptly provide written notification to the Contractor. If such a claim is made, the Contractor shall use its best efforts to promptly purchase for the County any infringing products or services or procure a license, at no cost to the County, which will allow continued use of the service or product. If none of the alternatives are reasonably available, the County agrees to return the article on request to the Contractor and receive reimbursement, if any, as may be determined by a court of competent jurisdiction.

  • Royalty Payments (i) Royalties shall accrue when Licensed Products are invoiced, or if not invoiced, when delivered to a third party or Affiliate.

  • Royalties 1. Royalties arising in a Contracting State and paid to a resident of the other Contracting State may be taxed in that other State.

  • Royalty Licensee shall pay Licensor a royalty equal to the Royalty Rate times Net Sales.

  • Taxation The Depositary will, and will instruct the Custodian to, forward to the Company or its agents such information from its records as the Company may reasonably request to enable the Company or its agents to file the necessary tax reports with governmental authorities or agencies. The Depositary, the Custodian or the Company and its agents may file such reports as are necessary to reduce or eliminate applicable taxes on dividends and on other distributions in respect of Deposited Securities under applicable tax treaties or laws for the Holders and Beneficial Owners. In accordance with instructions from the Company and to the extent practicable, the Depositary or the Custodian will take reasonable administrative actions to obtain tax refunds, reduced withholding of tax at source on dividends and other benefits under applicable tax treaties or laws with respect to dividends and other distributions on the Deposited Securities. As a condition to receiving such benefits, Holders and Beneficial Owners of ADSs may be required from time to time, and in a timely manner, to file such proof of taxpayer status, residence and beneficial ownership (as applicable), to execute such certificates and to make such representations and warranties, or to provide any other information or documents, as the Depositary or the Custodian may deem necessary or proper to fulfill the Depositary’s or the Custodian’s obligations under applicable law. The Holders and Beneficial Owners shall indemnify the Depositary, the Company, the Custodian and any of their respective directors, employees, agents and Affiliates against, and hold each of them harmless from, any claims by any governmental authority with respect to taxes, additions to tax, penalties or interest arising out of any refund of taxes, reduced rate of withholding at source or other tax benefit obtained. If the Company (or any of its agents) withholds from any distribution any amount on account of taxes or governmental charges, or pays any other tax in respect of such distribution (i.e., stamp duty tax, capital gains or other similar tax), the Company shall (and shall cause such agent to) remit promptly to the Depositary information about such taxes or governmental charges withheld or paid, and, if so requested, the tax receipt (or other proof of payment to the applicable governmental authority) therefor, in each case, in a form satisfactory to the Depositary. The Depositary shall, to the extent required by U.S. law, report to Holders any taxes withheld by it or the Custodian, and, if such information is provided to it by the Company, any taxes withheld by the Company. The Depositary and the Custodian shall not be required to provide the Holders with any evidence of the remittance by the Company (or its agents) of any taxes withheld, or of the payment of taxes by the Company, except to the extent the evidence is provided by the Company to the Depositary or the Custodian, as applicable. Neither the Depositary nor the Custodian shall be liable for the failure by any Holder or Beneficial Owner to obtain the benefits of credits on the basis of non-U.S. tax paid against such Holder’s or Beneficial Owner’s income tax liability. The Depositary is under no obligation to provide the Holders and Beneficial Owners with any information about the tax status of the Company. The Depositary shall not incur any liability for any tax consequences that may be incurred by Holders and Beneficial Owners on account of their ownership of the ADSs, including without limitation, tax consequences resulting from the Company (or any of its subsidiaries) being treated as a “Passive Foreign Investment Company” (in each case as defined in the U.S. Internal Revenue Code and the regulations issued thereunder) or otherwise.

  • Sales Taxes The Seller shall bear and pay, and shall reimburse the Purchaser and the Purchaser’s affiliates for, any sales taxes, use taxes, transfer taxes, documentary charges, recording fees or similar taxes, charges, fees or expenses that may become payable in connection with the sale of the Assets to the Purchaser or in connection with any of the other Transactions.

  • Licence Fees 4.1 In consideration of the licences and authorisations granted under this Agreement, the Licensee will pay to ICE the Licence Fees for the Term in advance, in Euro.

  • SALES TAX Each Participating Entity is responsible for supplying the Supplier with valid tax- exemption certification(s). When ordering, a Participating Entity must indicate if it is a tax- exempt entity.

  • Royalty Reports After the first commercial sale of a Licensed Product anywhere in the world, LICENSEE shall submit to UNIVERSITY quarterly royalty reports on or before each February 28, May 31, August 31 and November 30 of each year. Each royalty report shall cover LICENSEE’s (and each Affiliate’s and Sublicensee’s) most recently completed calendar quarter and shall show:

  • Goods and Services Tax (GST (a) For the purposes of clause 9:

Time is Money Join Law Insider Premium to draft better contracts faster.