Lao PDR Law definition
Examples of Lao PDR Law in a sentence
Project Company shall withhold income tax from its domestic and foreign employees and pay such tax to the Tax Department of the Ministry of Finance in accordance with applicable Lao PDR Law.
The management team shall develop an annual budget in consultation with Government and Project Company or as otherwise required by Lao PDR Law.
Subject to payment of applicable Taxes and employee salaries in accordance with Lao PDR Law, the Project Company shall be entitled during the Concession Period to remit outside of the Lao PDR all of the following: (a) dividends and other permitted distributions in the Project Company to the Parent(s); and (ii) repayments of outstanding principal and payments for interest and other fees and commissions payable on loans or facilities of any kind made available by any Lender.
In the use of such funds, Project Company shall at all times comply with applicable Lao PDR Law.
This Agreement shall be governed by and construed in accordance with Lao PDR Law.
Project Company shall pay import and export taxes in accordance with Article 10 herein this Agreement and Lao PDR Law.
Land lease fees shall be as specified in the applicable Lao PDR Law at the time of execution of the relevant Land Lease Agreement and shall be defined in such Land Lease Agreement.
In the event the Project Company has, pursuant to this Agreement, underpaid its Taxes, Government shall, subject to Lao PDR Law, assess interest and penalties over such unpaid fees or Taxes.
Except as explicitly provided in this Agreement, the Project Company shall be subject to Lao PDR Law as in effect from time to time, including with respect to labor, environmental, health and safety, customs and tax matters.
If Project Company has overpaid its fees or Taxes, then it shall be entitled to reimbursement or credit against Taxes then or thereafter due to Government, in accordance with Lao PDR Law.