Hydrocarbon Tax definition

Hydrocarbon Tax or “Hydrocarbon Taxes” means any hydrocarbon production, severance or similar excise Tax based upon or measured by the operation of the Purchased Assets or the production of Hydrocarbons therefrom, but excluding any Property Tax.
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Hydrocarbon Tax means the tax defined in Article 12.2.
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Hydrocarbon Tax means the Spanish tax “Impuesto sobre Hidrocarburos”.
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Examples of Hydrocarbon Tax in a sentence

  • Any charge for a Carbon Removal Credit to a purchaser or supplier shall be subject to Corporate Income Tax and Hydrocarbon Tax.

  • The sale of Heavy Oil to a refinery pursuant to Article 19.2.1 shall be subject to zero royalty and shall not be subject to Hydrocarbon Tax, where adequate information has been received from the refinery about the dedication of the Petroleum to asphalt.

  • The Hydrocarbon Tax shall include an extra allowance of 40% on all capital expenditures and this allowance shall be applicable when the capital expenditures are incurred.

  • Hydrocarbon Tax There is hereby established a Hydrocarbon Tax for the purpose of this Concession Agreement.

  • Sales of electricity, heat and Green Hydrogen produced by Renewable Energy Operations, Green Hydrogen Operations, CCS Services and sales of Lithium shall not be subject to Hydrocarbon Tax, provided, however, that the costs associated with Renewable Energy Operations and Green Hydrogen Operations to prevent Scope 1 Emissions shall be deductible in calculating Hydrocarbon Tax.

  • The Hydrocarbon Tax shall be determined on the same basis as the Corporate Income Tax and the Hydrocarbon Tax rate shall be in addition to the the tax rate of Corporate Income Tax in other words, the Hydrocarbon Tax shall be considered as a surtax on the Corporate Income Tax.

  • The sale of Petroleum pursuant to Articles 18.3.1, 18.3.2, 18.3.3, of 18.3.4 shall be subject to zero royalty and shall not be subject to Hydrocarbon Tax, where adequate information has been received from the refinery, gas processing plant or Ethane extraction plant, or several of them, about the dedication of the Petroleum as Petrochemical Feedstock.

  • Any costs incurred by the Concessionaire with respect to Carbon Removal Operations and other costs related to abatement of Scope 1-3 Emissions, as well as other costs incurred under a Scope 1-3 Emission Plans shall be deductible for Corporate Income Tax and for Hydrocarbon Tax, subject to the regular standards of tax deductibility.


More Definitions of Hydrocarbon Tax

Hydrocarbon Tax means the tax defined in Article Error! Reference source not found..
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Related to Hydrocarbon Tax

  • Hydrocarbon Interests means all rights, titles, interests and estates now or hereafter acquired in and to oil and gas leases, oil, gas and mineral leases, or other liquid or gaseous hydrocarbon leases, mineral fee interests, overriding royalty and royalty interests, net profit interests and production payment interests, including any reserved or residual interests of whatever nature.

  • Hydrocarbons means oil, gas, casinghead gas, drip gasoline, natural gasoline, condensate, distillate, liquid hydrocarbons, gaseous hydrocarbons and all products refined or separated therefrom.

  • Oil and Gas Properties means (a) Hydrocarbon Interests; (b) the Properties now or hereafter pooled or unitized with Hydrocarbon Interests; (c) all presently existing or future unitization, pooling agreements and declarations of pooled units and the units created thereby (including without limitation all units created under orders, regulations and rules of any Governmental Authority) which may affect all or any portion of the Hydrocarbon Interests; (d) all operating agreements, contracts and other agreements, including production sharing contracts and agreements, which relate to any of the Hydrocarbon Interests or the production, sale, purchase, exchange or processing of Hydrocarbons from or attributable to such Hydrocarbon Interests; (e) all Hydrocarbons in and under and which may be produced and saved or attributable to the Hydrocarbon Interests, including all oil in tanks, and all rents, issues, profits, proceeds, products, revenues and other incomes from or attributable to the Hydrocarbon Interests; (f) all tenements, hereditaments, appurtenances and Properties in any manner appertaining, belonging, affixed or incidental to the Hydrocarbon Interests and (g) all Properties, rights, titles, interests and estates described or referred to above, including any and all Property, real or personal, now owned or hereinafter acquired and situated upon, used, held for use or useful in connection with the operating, working or development of any of such Hydrocarbon Interests or Property (excluding drilling rigs, automotive equipment, rental equipment or other personal Property which may be on such premises for the purpose of drilling a well or for other similar temporary uses) and including any and all oil ▇▇▇▇▇, gas ▇▇▇▇▇, injection ▇▇▇▇▇ or other ▇▇▇▇▇, buildings, structures, fuel separators, liquid extraction plants, plant compressors, pumps, pumping units, field gathering systems, tanks and tank batteries, fixtures, valves, fittings, machinery and parts, engines, boilers, meters, apparatus, equipment, appliances, tools, implements, cables, wires, towers, casing, tubing and rods, surface leases, rights-of-way, easements and servitudes together with all additions, substitutions, replacements, accessions and attachments to any and all of the foregoing.

  • Petroleum Substances means petroleum, natural gas, natural gas liquids, related hydrocarbons and any and all other substances, whether liquid, solid or gaseous, whether hydrocarbons or not, produced or producible in association with any of the foregoing.