Examples of Profit in a sentence
Notwithstanding Contractor's obligation to pay Profit Tax, the Tax Authority shall look solely to SOCAR for the payment of the Contractor's Profit Tax, unless Contractor elects to make any Profit Tax payments according to the provisions of Article 12.2(d)(iii).
The Operating Company shall record all financial flows or other transactions of the Contractor Parties as passing through to the Contractor Parties in accordance with this Agreement as though the Operating Company did not exist as a commercial entity, and for all purposes the amount of its Taxable Profit shall be zero (0).
Title to Contractor’s share of Profit Petroleum shall be out of Crude Oil and Non-associated Natural Gas and shall be transferred to Contractor at the Delivery Point.