{"component": "clause", "props": {"groups": [{"samples": [{"hash": "lsESf84rL6w", "uri": "/contracts/lsESf84rL6w#tax-system", "label": "Production Sharing Agreement (Kosmos Energy Ltd.)", "score": 29.1533196441, "published": true}, {"hash": "k1yAY9mGuST", "uri": "/contracts/k1yAY9mGuST#tax-system", "label": "Production Sharing Agreement (Kosmos Energy Ltd.)", "score": 29.1533196441, "published": true}, {"hash": "HOvTowxWL6", "uri": "/contracts/HOvTowxWL6#tax-system", "label": "Production Sharing Agreement (Kosmos Energy Ltd.)", "score": 29.1533196441, "published": true}], "size": 5, "snippet": "17.1. Subject to any provisions to the contrary in this Agreement, the Contractor, as a result of its Petroleum Operations, shall be subject to the applicable laws and regulations in effect in the Republic of C\u00f4te d\u2019Ivoire with respect to Duties and Taxes, and including the requirements relating to providing tax returns as well as the calculation of taxes and tax contributions and the Contractor shall file any declarations that may be required for this purpose. It is specifically acknowledged that the provisions of this article apply individually with respect to all entities comprising the Contractor pursuant to this Agreement. The Contractor shall maintain, by Fiscal Year, separate accounting from the Petroleum Operations, in accordance with current legislation in the Republic of C\u00f4te d\u2019Ivoire, especially in order to establish a production and income account as well as a balance sheet showing the results of the Petroleum Operations as well as the assets and liabilities allocated or related thereto.\n17.2. For application of the provisions of article 17.1, the Contractor, according to its net earnings derived from the Petroleum Operations, is subject to direct taxation on industrial and commercial earnings as established in the General Tax Code. In accordance with the provisions of article 16.3 and 21.3.1, the Contractor shall not be subject to any payment to the Government for said tax. From the point of view of the tax authorities of the Republic of C\u00f4te d\u2019Ivoire, the share of Hydrocarbons that the Contractor is authorised to receive pursuant to the provisions of articles 16.2, 16.3, 21.1.5, 21.2.4 and 21.3.1 is considered to represent the recovery of Petroleum Costs and the net earnings reverting to the Contractor after tax on industrial and commercial income.\n17.3. In order to determine the net taxable earnings of the Contractor for a Fiscal Year, the production and income account shall be credited with:\na) the gross annual revenue of the Contractor reported in its accounting books, from the sale of the quantity of Hydrocarbons it has pursuant to the articles 16.2, 16.3 and 21.\n3.1. The Contractor shall endeavour to obtain an export price for the Crude Oil that most closely reflects the international market rate at the time of establishing the price.\nb) all other revenue or proceeds related to the Petroleum Operations, especially including those from: \u2022 the sale of related substances; \u2022 the processing, transportation or storage of products for Third Parties at the facilities allocated to the Petroleum Operations. \u2022 Subject to article 17.7, gains realised at the time of assigning or transferring any assets of the Contractor, or the full or partial assignment of the rights and obligations arising out of this Agreement. Nevertheless, a gain cannot result from any transfer (i) that does not entail an actual payment in cash or kind by the transferee to the transferor or recovery of a liability already booked by the transferor or (ii) that cannot be considered in any way a financial profit; \u2022 foreign exchange gains realised from the Petroleum Operations.\nc) the value of the share of Hydrocarbons taken by the Government, in accordance with the last section of article 16.3 and the penultimate section of article 21.3.1, in payment of the income tax indicated in article 17.1 for the Fiscal Year in question.\n17.4. This same production and income account shall be debited in the amount of all charges required for the needs of the Petroleum Operations for the Fiscal Year in question, the deduction of which is authorised by applicable laws in the Republic of C\u00f4te d\u2019Ivoire and the provisions of this Agreement. The charges that may be deducted from income for the Fiscal Year in question specifically include the following:\na) Besides the charges explicitly indicated below in this article 17.4, all other Petroleum Costs, including the cost of supplies, personnel and labour expenses, and the cost of services provided to the Contractor for the Petroleum Operations. Nevertheless: \u2022 the cost of supplies, personnel and services provided by Affiliated Companies shall be deductible insofar as they do not exceed those normally invoiced under free market conditions between an independent buyer and seller for the identical or similar services. \u2022 fixed asset expenses shall be amortised as of the start of commercial production in the Delimited Region. The amortisation deductible for the Fiscal Year in question shall be equal, at most, to the difference, if positive, between the amount of the Petroleum Costs recovered for the Fiscal Year in question pursuant to article 16.2, and the total of other amounts charged to the production and income account in accordance with this article 17.4.\nb) The overheads related to the Petroleum Operations performed within the context of this Agreement, including in particular: \u2022 the leasing expenses for movable and immovable property and insurance premiums, and \u2022 a reasonable share, in relation to the services rendered for the Petroleum Operations performed in the Republic of C\u00f4te d\u2019Ivoire, wages and salaries paid to directors and employees residing abroad, and administrative overheads of the central offices of the Contractor and the Affiliated Companies working on its behalf, located abroad, and the indirect expenses incurred by said central offices abroad on their behalf. The overheads paid abroad may not under any circumstances be greater than the limits established in the Accounting Procedure.\nc) The actual amount of interest and commission fees paid to the creditors of the Contractor, within the limits established in the Accounting Procedure. Shareholders and Affiliated Companies shall not be considered as \u201cthird parties\u201d pursuant to article 72.3 of the Petroleum Code and, as a result, any advances and loans made to them outside of the Republic of C\u00f4te d\u2019Ivoire shall not be submitted for approval by the petroleum administration indicated in said article, but shall be declared to it and, in accordance with the previous section, shall also be subject to the limitations established in the Accounting Procedure.\nd) Losses of equipment or assets resulting from destruction or damage, assets to be waived or abandoned during the year, irrecoverable receivables, compensation paid to Third Parties for damages.\ne) Reasonable and justified provisions established to cover clearly identified subsequent losses or expenses that are likely according to current situations, especially provisions for abandonment costs established pursuant to article 20.8.\nf) Any other losses or charges directly related to the Petroleum Operations, as well as bonuses and amounts paid during the Fiscal Year pursuant to article 19 and articles 30.2, 30.3 and 30.4, with the exception of the amount of direct income tax determined in accordance with the provisions of this article.\ng) The uncleared amount of losses from prior Fiscal Years in accordance with the legislation of the Republic of C\u00f4te d\u2019Ivoire.\n17.5. The net taxable income of the Contractor shall be equal to the difference, if positive, between the total amounts credited and the total amounts debited to the production and income account. If this amount is negative, it constitutes a loss.\n17.6. Within three (3) months following the close of a Fiscal Year, each entity comprising the Contractor shall send the appropriate tax authorities its annual income tax declaration, accompanied by financial statements, as required by current legislation in the Republic of C\u00f4te d\u2019Ivoire. The Government, after examining said annual declaration and ascertaining payment of the tax, shall issue to the Contractor, within a reasonable time period, the tax vouchers and all other documents showing that the Contractor has performed, for the Fiscal Year in question, all of its fiscal obligations in terms of the industrial and commercial income tax as defined in this article. These tax receipts issued in the Contractor\u2019s name will state the amount of tax paid on income and will present the information and related matters in detail.\n17.7. Outside of the industrial and commercial income tax as defined in this article and the bonuses indicated in article 19, the Contractor shall be exempt from all national, regional or municipal taxes, duties, levies or contributions of any type imposed on the Petroleum Operations and all related income or, more generally, property, durable goods (including offshore storage vessel), activities or actions of the Contractor (including its establishment and operation for performance of this Agreement). The agents, subcontractors, suppliers and Affiliated Companies of the Contractor shall also be exempt from all national, regional or municipal taxes, duties, levies or contributions of any type imposed on the Petroleum Operations and all related income, in particular including but not limited to turnover tax, value added taxes (VAT), tax on banking transactions Taxes sur les op\u00e9rations bancaires, (or TOB), tax on non-commercial income (BNC), tax on credit income (IRC) and on industrial and commercial income (BIC), due on sales or purchases, work performed and services rendered to the Contractor within the context of this Agreement. Pursuant to the foregoing, the Contractor is presumed to have paid, in the name and on behalf of its agents, subcontractors and suppliers and Affiliated Companies, the taxes described above by allocating to the Government the share of Hydrocarbons due to it pursuant to articles 16.3 and 21.3.2 below; consequently, the benefit of the certificate issued by the Government to the Contractor by virtue of the payment of taxes on the portion of Hydrocarbons attributed to it pursuant to articles 16.3 and 21.3.1 extends to the agents, subcontractors, suppliers and Affiliated Companies of the Contractor. Shareholders of the entities comprising the Contractor and their Affiliated Companies shall also be exempt from all taxes, duties, levies and contributions for dividends received, credits, loans and related interest, purchases, transportation of Hydrocarbons for export, services rendered and in general, on all income and activities in the Republic of C\u00f4te d\u2019Ivoire related to the Petroleum Operations. In addition to the exemptions provided for under the Petroleum Code, assignments of all types between the companies that are party to this Agreement, themselves or between them and their Affiliated Companies, as well as any other transfer carried out in accordance with the provisions of article 35, shall be exempt from all duties or taxes due for this purpose. Assignments of all types between the companies that are party to this Agreement and Third Parties shall be subject to payment of fees as defined in article 35. Pursuant to the provisions of this article and the provisions relative to the customs system, the Contractor shall submit for approval by the Director General of Hydrocarbons a list of subcontractors, suppliers and Affiliated Companies providing goods and services within the context of performance of this Agreement. Such approval shall not be unreasonably withheld and if not approved within forty five (45) days shall be deemed approved. A copy of the approved list shall be forwarded by the Director General of Hydrocarbons to the General Tax Office and also to the General Customs Office. This list shall be subject to revision and periodic amendment as the Agreement is performed.\n17.8. As an exception to the foregoing provisions, property taxes shall be due under the conditions of ordinary law on residential property in force in the Republic of C\u00f4te d\u2019Ivoire, and the above-mentioned exemptions do not apply to duties, taxes and fees due in exchange for services rendered by Ivoirian government administrations, collectivities and public institutions. Nevertheless, the tariffs applied in this respect vis-\u00e0-vis the Contractor and its contractors, transporters, clients and agents shall remain reasonable in relation to the services rendered and shall correspond to tariffs generally applied for these same services by said government administrations, collectivities and public institutions.", "snippet_links": [{"key": "in-this-agreement", "type": "clause", "offset": [48, 65]}, {"key": "petroleum-operations", "type": "definition", "offset": [102, 122]}, {"key": "applicable-laws-and-regulations", "type": "definition", "offset": [148, 179]}, {"key": "in-effect", "type": "definition", "offset": [180, 189]}, {"key": "with-respect-to", "type": "clause", "offset": [223, 238]}, {"key": "duties-and-taxes", "type": "clause", "offset": [239, 255]}, {"key": "the-requirements", "type": "clause", "offset": [271, 287]}, {"key": "relating-to", "type": "definition", "offset": [288, 299]}, {"key": "tax-returns", "type": "clause", "offset": [310, 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"type": "definition", "offset": [12058, 12069]}], "hash": "29e77f793d4f2a9185e07d26ddd3604c", "id": 1}, {"samples": [{"hash": "2W63A7JXPzi", "uri": "/contracts/2W63A7JXPzi#tax-system", "label": "Service Contract", "score": 30.7470599875, "published": true}, {"hash": "k05WXBqtZxB", "uri": "/contracts/k05WXBqtZxB#tax-system", "label": "Service Contract", "score": 22.1211498973, "published": true}], "size": 3, "snippet": "The securities registered with the NBB-SSS are subject to the tax rules laid down by the Law of 6 August 1993 on transactions in certain securities and its implementing regulations, particularly with regards to the formulas applicable for the calculation of interests. With regards to the tax liabilities of the NBB-SSS, the Issuer, the Participants and clients, reference is made to the laws and regulations in force.", "snippet_links": [{"key": "securities-registered", "type": "clause", "offset": [4, 25]}, {"key": "subject-to-the", "type": "definition", "offset": [47, 61]}, {"key": "tax-rules", "type": "definition", "offset": [62, 71]}, {"key": "certain-securities", "type": "definition", "offset": [129, 147]}, {"key": "implementing-regulations", "type": "definition", "offset": [156, 180]}, {"key": "calculation-of", "type": "definition", "offset": [243, 257]}, {"key": "tax-liabilities", "type": "clause", "offset": [289, 304]}, {"key": "the-issuer", "type": "clause", "offset": [321, 331]}, {"key": "the-participants", "type": "clause", "offset": [333, 349]}, {"key": "regulations-in-force", "type": "clause", "offset": [397, 417]}], "hash": "ba0fe361932d0935f6b6940ca0ed2c6e", "id": 2}, {"samples": [{"hash": "9Bx2aBREc8k", "uri": "/contracts/9Bx2aBREc8k#tax-system", "label": "Collective Bargaining Agreement", "score": 30.2153013291, "published": true}, {"hash": "1kY6oI0pbdt", "uri": "/contracts/1kY6oI0pbdt#tax-system", "label": "Collective Bargaining Agreement", "score": 30.0489698873, "published": true}], "size": 2, "snippet": "The tax system will be modified to (i) beginning in 2025-26, reduce tax rates in the first two tax brackets and increase tax rates in higher tax brackets, and increase \u201crepeater\u201d tax rates, and (ii) beginning in 2024-25, increase tax brackets at the rate of growth in the Salary Cap. The tax rates under the new CBA will be as follows:", "snippet_links": [{"key": "tax-rates", "type": "clause", "offset": [68, 77]}, {"key": "rate-of", "type": "clause", "offset": [250, 257]}, {"key": "salary-cap", "type": "definition", "offset": [272, 282]}, {"key": "new-cba", "type": "definition", "offset": [308, 315]}], "hash": "af4a03372e2cbc0c882313e3f6c7407f", "id": 3}, {"samples": [{"hash": "hWjfv72NXoX", "uri": "/contracts/hWjfv72NXoX#tax-system", "label": "Social Agreement", "score": 22.1704312115, "published": true}, {"hash": "c41EWvMC1Ov", "uri": "/contracts/c41EWvMC1Ov#tax-system", "label": "Social Agreement", "score": 21.9541409993, "published": true}], "size": 2, "snippet": "Social partners shall strive to establish a stable, competitive, transparent and simple tax system which shall positively influence further unburdening of the economy and the improvement of its competitiveness, to support the economic growth and welfare of the people while maintaining the social sustainability of the tax system. Furthermore we agree that, with consideration to the established general principles, the implementation of the provisions must be constantly checked and that the tax system and tax policy must develop further on the basis of the findings. Both must be based on the equal treatment of economic subjects. The Government does not plan to increase the value added tax levels. Upon necessary reasons, if any, for the change of these levels, it shall examine all possible measures which may replace the potential changes. The possible measures shall be previously discussed by the Economic and Social Council. Social partners shall, together with the Government, discuss all key changes influencing the taxation of employers and employees at the Economic and Social Council. Government tasks: \u2022 to examine the opportunities for further quicker reduction of burdens on labour with consideration to the agreed fiscal frameworks and possibilities; \u2022 to examine and implement further possible simplifications of the tax system and to ensure uniform implementation of tax provisions, which shall stimulate voluntary payment of taxes; \u2022 to examine the effects of the elimination of individual types of tax relief, especially those concerning investments and housing construction, and to examine the possibility to introduce types of tax relief concerning participation of employees in profit sharing; \u2022 to finalise the establishment of the efficient and user-friendly tax administration; \u2022 to ensure an efficient tax control; \u2022 to analyse potential deficiencies in the implementation of tax provisions. Employers\u2019 tasks: \u2022 to stimulate the observation of the tax legislation in force and the payment of contributions; \u2022 to present the problems in the implementation of tax provisions and to call attention to any inappropriate solutions in the tax legislation; \u2022 to prepare concrete proposals in different tax fields for the elimination of potential deficiencies. Trade Union task: \u2022 to support the measures for the changes in tax legislation which shall strengthen the competitiveness and the economic growth while maintaining the social sustainability of the tax system.", "snippet_links": [{"key": "to-establish", "type": "clause", "offset": [29, 41]}, {"key": "and-welfare", "type": "clause", "offset": [242, 253]}, {"key": "the-people", "type": "definition", "offset": [257, 267]}, {"key": "social-sustainability", "type": "definition", "offset": [290, 311]}, {"key": "we-agree", "type": "clause", "offset": [343, 351]}, {"key": "general-principles", "type": "clause", "offset": [396, 414]}, {"key": "the-provisions", "type": "clause", "offset": [438, 452]}, {"key": "tax-policy", "type": "definition", "offset": [508, 518]}, {"key": "basis-of", "type": "clause", "offset": [547, 555]}, {"key": "based-on", "type": "clause", "offset": [583, 591]}, {"key": "treatment-of", "type": "clause", "offset": [602, 614]}, {"key": "the-government", "type": "definition", "offset": [634, 648]}, {"key": "value-added-tax", "type": "clause", "offset": [679, 694]}, {"key": "change-of", "type": "definition", "offset": [743, 752]}, {"key": "replace-the", "type": "clause", "offset": [816, 827]}, {"key": "economic-and-social-council", "type": "definition", "offset": [906, 933]}, {"key": "employers-and-employees", "type": "clause", "offset": [1040, 1063]}, {"key": "reduction-of", "type": "clause", "offset": [1169, 1181]}, {"key": "to-ensure", "type": "clause", "offset": [1352, 1361]}, {"key": "tax-provisions", "type": "clause", "offset": [1388, 1402]}, {"key": "payment-of-taxes", "type": "clause", "offset": [1436, 1452]}, {"key": "types-of", "type": "clause", "offset": [1512, 1520]}, {"key": "tax-relief", "type": "definition", "offset": [1521, 1531]}, {"key": "employees-in", "type": "clause", "offset": [1691, 1703]}, {"key": "profit-sharing", "type": "definition", "offset": [1704, 1718]}, {"key": "establishment-of-the", "type": "clause", "offset": [1738, 1758]}, {"key": "tax-administration", "type": "clause", "offset": [1787, 1805]}, {"key": "tax-control", "type": "definition", "offset": [1832, 1843]}, {"key": "legislation-in-force", "type": "definition", "offset": [1982, 2002]}, {"key": "payment-of-contributions", "type": "clause", "offset": [2011, 2035]}, {"key": "attention-to", "type": "definition", "offset": [2115, 2127]}, {"key": "trade-union", "type": "clause", "offset": [2283, 2294]}, {"key": "changes-in", "type": "clause", "offset": [2335, 2345]}], "hash": "fef5ea24eef9dce3f17633754e3f9173", "id": 4}, {"samples": [{"hash": "jNqKokmDMN6", "uri": "/contracts/jNqKokmDMN6#tax-system", "label": "Establishment Convention (Randgold Resources LTD)", "score": 24.2388774812, "published": true}], "size": 1, "snippet": "22.1 The tax system applicable to the present Convention shall vary according to the various phases of operation.\n22.2 From the date on which the present Convention comes into effect and for the first three years of production, BHP, the limited liability company and/or their affiliates and sub-contractors, depending on the circumstances, shall be exempt from all tax (including Tax on Services Rendered (CPS), Value Added Tax and Tax on Services), duties, contributions or any other direct or indirect taxes that they may have to pay personally or for which they may be liable with the exception of :\na) fixed duty for the issuing of an exploration permit regardless of its surface area : 300.000 F ;\nb) the duty on the renewal of the exploration permit, at the time of each renewal : 300.000 F ;\nc) fixed duty on the issue of a prospecting authorisation: 300.000 F\nd) fixed duty on the issue of a mining authorisation: 7.000 F ;\ne) fixed duty on the issue of a mining permit: 1.000.000 F ;\nf) the additional surface fee for exploration permits and for authorisations to prospect, for the full duration of the Convention : \u2022 50 F/km2 per year for the first period \u2022 100 F/km2 per year for the first renewal \u2022 200 F/km2 per year for the second renewal\ng) the additional surface fee for mining permits and authorisations :", "snippet_links": [{"key": "applicable-to", "type": "clause", "offset": [20, 33]}, {"key": "according-to", "type": "definition", "offset": [68, 80]}, {"key": "of-operation", "type": "clause", "offset": [100, 112]}, {"key": "into-effect", "type": "clause", "offset": [171, 182]}, {"key": "first-three-years", "type": "clause", "offset": [195, 212]}, {"key": "the-limited-liability-company", "type": "clause", "offset": [233, 262]}, {"key": "depending-on-the", "type": "clause", "offset": [308, 324]}, {"key": "services-rendered", "type": "definition", "offset": [387, 404]}, {"key": "value-added-tax", "type": "clause", "offset": [412, 427]}, {"key": "indirect-taxes", "type": "clause", "offset": [495, 509]}, {"key": "to-pay", "type": "clause", "offset": [529, 535]}, {"key": "with-the-exception-of", "type": "clause", "offset": [579, 600]}, {"key": "surface-area", "type": "definition", "offset": [676, 688]}, {"key": "at-the-time", "type": "clause", "offset": [757, 768]}, {"key": "the-issue", "type": "clause", "offset": [816, 825]}, {"key": "prospecting-authorisation", "type": "definition", "offset": [831, 856]}, {"key": "surface-fee", "type": "definition", "offset": [1011, 1022]}, {"key": "exploration-permits", "type": "definition", "offset": [1027, 1046]}, {"key": "duration-of-the-convention", "type": "clause", "offset": [1096, 1122]}, {"key": "per-year", "type": "definition", "offset": [1136, 1144]}, {"key": "first-period", "type": "definition", "offset": [1153, 1165]}, {"key": "first-renewal", "type": "clause", "offset": [1195, 1208]}, {"key": "second-renewal", "type": "clause", "offset": [1238, 1252]}, {"key": "permits-and-authorisations", "type": "clause", "offset": [1294, 1320]}], "hash": "5069f8e78e4db426fc7a23a14c1cbb28", "id": 5}, {"samples": [{"hash": "bwy0HI8YD7", "uri": "/contracts/bwy0HI8YD7#tax-system", "label": "Leasing Agreement", "score": 22.1704312115, "published": true}], "size": 1, "snippet": "Under the lease contract both lessor and lessee has to pay the taxation Based on the lease rental and tax depreciation.", "snippet_links": [{"key": "lease-contract", "type": "clause", "offset": [10, 24]}, {"key": "lessor-and-lessee", "type": "definition", "offset": [30, 47]}, {"key": "to-pay", "type": "clause", "offset": [52, 58]}, {"key": "based-on", "type": "clause", "offset": [72, 80]}, {"key": "lease-rental", "type": "definition", "offset": [85, 97]}, {"key": "tax-depreciation", "type": "definition", "offset": [102, 118]}], "hash": "c1efebe77224e0c2604b8c83ed6aca3d", "id": 6}, {"samples": [{"hash": "3waqJio9eFH", "uri": "/contracts/3waqJio9eFH#tax-system", "label": "Concession Contract for Exploration and Production of Oil and Natural Gas", "score": 20.6084873374, "published": true}], "size": 1, "snippet": "The Concessionaire will be subject to the tax system in the federal, state and municipal extent, being forced to fulfill it in accordance with deadlines and conditions set forth in the applicable legislation. When requested by ANP, the Concessionaire must submit the originals or certified copies of all certificates, acts of registration, permits, proof of registration in taxpayers records, evidence of tax regularity, evidence of regular position in the performance of social burdens imposed by law, registrations in entities or professional associations, and any other similar documents or certificates.", "snippet_links": [{"key": "subject-to-the", "type": "definition", "offset": [27, 41]}, {"key": "in-accordance-with", "type": "definition", "offset": [124, 142]}, {"key": "the-applicable-legislation", "type": "clause", "offset": [181, 207]}, {"key": "requested-by", "type": "definition", "offset": [214, 226]}, {"key": "the-concessionaire-must", "type": "clause", "offset": [232, 255]}, {"key": "copies-of-all", "type": "clause", "offset": [290, 303]}, {"key": "proof-of-registration", "type": "definition", "offset": [349, 370]}, {"key": "evidence-of", "type": "definition", "offset": [393, 404]}, {"key": "regular-position", "type": "definition", "offset": [433, 449]}, {"key": "the-performance", "type": "clause", "offset": [453, 468]}, {"key": "professional-associations", "type": "definition", "offset": [532, 557]}], "hash": "a272ed5d62ed7ad6b51f75738cab9ccb", "id": 7}, {"samples": [{"hash": "9ftffhXOwil", "uri": "/contracts/9ftffhXOwil#tax-system", "label": "Office Lease (DBV Technologies S.A.)", "score": 24.3223819302, "published": true}], "size": 1, "snippet": "The rent, as well as charges and taxes collected by the Lessor shall be subject to the tax system referred to under the special terms and conditions. The Lessor reserves the possibility of making the rent liable to another tax system, a possibility that the Lessee has accepted, under conditions that exclude any change to the pre-tax amount of the applicable rent.", "snippet_links": [{"key": "the-rent", "type": "clause", "offset": [0, 8]}, {"key": "charges-and-taxes", "type": "clause", "offset": [21, 38]}, {"key": "the-lessor", "type": "clause", "offset": [52, 62]}, {"key": "subject-to-the", "type": "definition", "offset": [72, 86]}, {"key": "special-terms-and-conditions", "type": "clause", "offset": [120, 148]}, {"key": "the-lessee", "type": "clause", "offset": [254, 264]}, {"key": "change-to", "type": "definition", "offset": [313, 322]}, {"key": "the-pre", "type": "clause", "offset": [323, 330]}, {"key": "tax-amount", "type": "definition", "offset": [331, 341]}, {"key": "the-applicable", "type": "clause", "offset": [345, 359]}], "hash": "5a264b5636c7f962b01fc9dfbe33a9fb", "id": 8}, {"samples": [{"hash": "i5F5Tv2Ou57", "uri": "/contracts/i5F5Tv2Ou57#tax-system", "label": "Exploration and Production Sharing Contract", "score": 33.3592146244, "published": true}], "size": 1, "snippet": "26.1 Concerning the oil operations carried out in the Delimited Zone, Contractor is subject only to the following taxes, fees, dues, contributions and royalties:\na) the contribution to the hydrocarbon support fund as defined in Article 21.7 of the Contract;\nb) the bonuses indicated in Article 28; these are paid in cash;\nc) a corporate tax which is paid according to the modalities in Article 26.3;\nd) a mining royalty proportional to the exploitation of hydrocarbons for Crude Oil, the rate of which is established at\n(i) Four and a half percent (4.5%) when the Daily Total Available Production is lower than or equal to two hundred and twenty-five thousand (225,000) Barrels;\n(ii) Eight percent (8%) when the Daily Total Available Production is higher than two hundred and twenty- five thousand (225,000) Barrels and less than or equal to three hundred thousand (300,000) Barrels;\n(iii) Eleven percent (11%) when the Daily Total Available Production is higher than three hundred thousand (300,000) Barrels. The Total Available Production subject to the proportional mining royalty is reduced by the quantities: 1/- lost or burned in production tests in the Exploitation Zone or in production, collection or storage installations of the zone, provided Contractor complies with current regulations and the directives and recommendations of the Administration; 2/- re-injected in the Deposits of the Delimited Zone; 3/- used to produce drilling fluids for the needs of the Delimited Zone; 4/- used in work done after drilling in the \u2587\u2587\u2587\u2587\u2587 of the deposits of the Delimited Zone; 5/- consumed in engines or turbines provided the energy used:\n(i) for the operation of the pumping units necessary in the \u2587\u2587\u2587\u2587\u2587 of the deposit of the Delimited Zone,\n(ii) to collect the hydrocarbons in the Delimited Zone,\n(iii) to operate the drilling and installations established in the Delimited Zone for its needs. Subject to Articles 26.1 d) 2/ and 26.1 d) 5/ the quantities, picked up or used upstream from the point where the Total Available Production subject to the proportional mining royalty is calculated, for the needs listed above, cannot be deducted from the base amount of the proportional mining royalty other than with the exceptional Authorization of the Administration, given at the justified request of Contractor. The value at the extraction place of a given quantity of hydrocarbons is equal to the F.O.B. value in the shipping port or at the loading pier of the same quantity of Crude Oil. To determine this FOB value, the price considered is the Official Transfer Price. Said royalty is paid in kind or in cash, at the choice of the State. If the State wishes to receive in kind, all or part of the royalty, it must notify Contractor in writing at least (180) days in advance, specifying the exact quantity it wishes to receive during the period in question. In the absence of such decision, payment is made in cash at the Office of the State Revenue Collector. This royalty is paid monthly at the latest by the (28) day of the month considered, based on the average monthly total available production of the prior quarter period. The settlement will take place at the latest on January 28th of the following year for the previous calendar year, based on the Total Available Production of said year and the related official transfer price. At the beginning of production, and during the period when the average monthly of total available production referred to above cannot be determined, the amount of the royalty is calculated on the basis of the total available production of each month\u2019s considered, and is paid in the same terms as above. The proportional mining royalty is not included in the Oil Costs.\ne) The annual area royalty introduced by ordinance number 38/79 of December 23, 1979. This royalty is paid in cash, in advance and by full calendar year, based on the area at January 1 of each year. For the first year, the area royalty will be calculated prorata temporis based on the area existing as of the effective date. This royalty is not included in the Oil Costs.\nf) The fees and taxes collected by the Customs administrations, as defined in Article 34.\n26.2 The obligations under this Article 26 are assumed jointly by each entity making up Contractor. Consequently, each of them is obligated towards the states to discharge only its own tax obligations.\n26.3 The corporate tax owed by each of the entities making up Contractor is paid each year by the states to the competent tax authorities in the name and on behalf of said entities making up Contractor. The quantity of crude oil received by the state pursuant to Arcticl 25.1 will be reputed at least equivalent to the taxes owed for the oil operations. Under no circumstances is it possible to claim from the entities making up Contractor any payment for corporate tax.\n26.4 Each entity member of Contractor will have, per calendar year, in accordance with current regulations in Gabon, separate accounting of the oil operations to establish in particular a \u201cCharacteristic Operating Balance.\u201d\n26.5 To allow determining the net profit of Contractor, the Characteristic Operating Balance will be credited, in particular:\na) with the gross revenue of Contractor from the marketing of the quantity of crude oil allocated to each, pursuant to Articles 24 and 25;\nb) with the revenue (advantage in kind) consisting of the payment of the corporate tax by the state in the name and on behalf of Contractor under Article 26.3;\nc) with all other revenue or proceeds related to the oil operations of the exploitation zone, especially those originating from the sale of related substances and transport of products for said parties in the national territory and its agencies, as well as the financial proceeds of all nature, including those related to the advances granted between entities members of Contractor.\n26.6 The same Characteristic Operating Balance will be debited, pursuant to Article 24 and for all categories of expenses authorized by the applicable laws in Gabon, from the oil costs of the year in question, as well as from the parts not yet recovered from the previous years.\n26.7 The account of the oil costs is intended to record, on the one hand, all oil costs pursuant to the contract and accounting procedure incurred for the needs of the oil operations as they progress and, on the other hand, the amounts allocated to the recovery of the oil costs, as such recovery advances as well as the costs, revenue, and proceeds of any nature are deducted from or reducing the oil costs. The accounting procedure, which constitutes Appendix 2 of this contract, defines the nature of the expenses constituting oil costs, those which have not recovered and the limitations of the amount of expenses that may be posted to the account of the oil costs. It established the obligations of Contractor in matters of procedure and presentation of the accounting of the oil costs and specifies the reports, accounts, statements, and information to be provided to the Administration. In the event of contradiction or disagreement between the accounting procedure and the provisions of the contract, the latter will prevail.\n26.8 The taxable profit of Contractor will be equal to the difference between the amounts credited to the Characteristic Operating Balance and the amounts recovered by application of the provisions in Articles 24 and 25. Then, Contractor will not be subject to any payment to the state for taxes, with the understanding that the Departments Responsible for Hydrocarbons will take over and pay to the competent tax authorities the amount of said taxes in the name and on behalf of Contractor.\n26.9 Each entity member of Contractor will deliver to the state before April 30 of each calendar year the Characteristic Operating Balance defined in Articles 26.4, 26.5 and 26.6 related to the previous calendar year.\n26.10 After examining the Characteristic Operating Balance defined in Articles 26.4, 26.5 and 26.6, the state will deliver to each entity member of Contractor within sixty (60) days after the delivery of said Characteristic Operating Balance the tax release and all other documents attested that said entity met all its tax obligations as defined in this Article 26.1.\n26.11 In addition to the hydrocarbon support fund, to the bonuses indicated in Article 28, to the proportional mining royalty, to the area royalty, to the corporate tax and the fees and taxes levied by the customs administration specified in Article 34 and except for the land contribution on built properties payable under common law on dwelling properties, Contractor is exempt from all other taxes, royalties, fees, and duties as part of this contract, whereby the conditions under which Contractor is involved in are specified in Article 26.13 below. The provision of services to Contractor by the affiliated companies which do not have permanent professional installations in Gabon are exempt from the withholding at source indicated in Article 159 of the General Tax Code or any other regulation, code or law that may amend, succeed or replace such article. The distribution to shareholders or associates of the profits obtained by the enterprises constituting Contractor under the oil operations or their allocation are exempt from all taxes and withholding at source payable in connection therewith.\n26.12 Pursuant to Articles 26.1 and 26.11 above, Contractor will be exempt from payment of all fixed mining fees, registration fees, and stamp fees as defined in Gabonese legislation. The above exemptions do not apply to the fees and taxes payable in exchange for services actually rendered by the public Gabonese administrations, authorities and establishments. However, the rates collected in this case from Contractor, its entrepreneurs, carriers and customers and its agents will remain reasonable for the services rendered and according to the general rates charged for the same services by said public administrations, authorities and establishments. More particularly, Contractor must pay existing local community and port taxes and duties whose amount will not be, under any circumstances, discriminatory versus those imposed on companies engaging in singular activities.\n26.13 The suppliers, sub-contractors, service providers of Contractor and its affiliated companies will be exempt from the turnover tax and from the tax on transactions payable for sales made, work performed and services rendered under the contract. However, the value of the tax introduced by law No. 1 of February 24, 1995, specified by decree No. 000704/MFEBP/CAB/SG of July 19, 1995 establishing the status of exemption from valuated tax granted to research and exploration oil companies is applied to Contractor and if appropriate, to the entities constituting Contractor for the oil operations, according to the following modalities:\n1) In exploration phase and until the hydrocarbon production is done regularly and in quantities likely to be marketed, all oil operations carried out by the entities constituting Contractor, including accessory activities related to oil operations (such as, in particular, the transport of crude inter-field gas sales, or sales or transfers to said parties and self-deliveries) are placed outside the scope of application of the valuated tax. The suppliers, sub-contractors, service providers and affiliated companies \u2587\u2587\u2587\u2587 Contractor with exemption from valuated tax that may be levied in connection with sales made, services rendered and work performed under the contract.\n2) In production phase, in other words when the hydrocarbon production takes place regularly and in quantities likely to be marketed, the following modalities will apply:\na) The oil operations related to the exploration and exploitation of hydrocarbons, including the accessory activities related to the oil operations (such as, in particular, the transport of crude, inter-field gas sales, or sales or transfers to said parties and self-deliveries) are placed outside the scope of application of the valuated tax. The suppliers, sub-contractors, service providers and affiliated companies \u2587\u2587\u2587\u2587 Contractor with exemption from valuated tax that may be levied in connection with sales made, services rendered and work performed under the contract subject to the provisions in paragraphs b), c) and d) below.\nb) The goods imported, services rendered and work performed intended for the oil operations, purchase from foreign suppliers not taxable in Gabon concerning income and revenue tax, regardless of their nature, are exempt from valuated tax. This exemption applies whether these operations are carried out directly, by Contractor itself or the entities constituting Contractor, or through sub-contractors or agents at their order and for their account.\nc) The goods, services and works intended for the oil operations, acquired from suppliers, service providers or subcontractors included in a list prepared jointly by Contractor and the Administration, regardless of the nature of these goods, services and works, are exempt from value added tax. The above list is updated annually by Contractor and the Administration.\nd) The goods acquired, services rendered and work performed by suppliers, service providers and subcontractors who are Gabonese tax residents, are subject to value added tax at the rate in force.\n3) The value added tax possibly billed to Contractor and, if applicable, to the entities constituting Contractor, and paid by them, will be recovered according to the following modalities.\na) The value added tax paid during a given calendar month gives rise to a request for reimbursement which must be lodged before the twentieth day of the following calendar month with the special VAT revenue office opened at the General Department of Direct and Indirect contributions. If errors or omissions are found in the request for reimbursement, rectification requests may be lodged and settlements may be made at any time, subject to the lapsed term indicated in the general code of direct and indirect taxes.\nb) The aforementioned reimbursement of value added tax must take place at the latest thirty business days after the end of the calendar month during which the request for reimbursement was received by the special VAT office. Settlements or rectifications of errors or omissions found in a request for reimbursement may not be made until after the expiration of the aforementioned reimbursement term. If the verification procedure indicated in Article 49 is implemented, the mechanisms and procedures set forth under this paragraph 3) will not be suspended.\nc) If, for any reason, the value added tax is not reimbursed within the term indicated in paragraph b) above, the beneficiaries will have the right to deduct, as of the calendar month following the expiration of the term, and without limitation of time, the amount of the value added tax not reimbursed, plus late interest calculated as indicated below, on all taxes, fees, duties and royalties owed for any reason, both for all their activities in Gabon and against all receivables of the State against said beneficiaries. The charge of this amount of value added tax including the interest billed, may also be made, if applicable, from the share of production allocated to the State under the contract. The aforementioned late interest is owed, until full reimbursement or integral offset of the amount of the value added tax not reimbursed, as of the normal due date of the reimbursement. It is calculated at $ LIBOR plus two points.\nd) Each entity making up Contractor owes value added tax incurred as part of the oil operations pro rated to its participation. However, from a practical viewpoint, the Operator will assure on behalf of Contractor the payment of the value added tax billed by suppliers, as privileged contact of the Administration. The Operator will request, on behalf of Contractor, the reimbursement of the value added tax paid. In the even of non-reimbursement on the due date indicated in paragraph c) above, for any reason whatsoever, the Operator may, at any time, re-\u2587\u2587\u2587\u2587 the amount of the value added tax not reimbursed, including late interest payable to each entity making up contractor, pro rated to its participation. The charge referred to in paragraph c) above of this amount of the value add", "snippet_links": [{"key": "concerning-the", "type": "clause", "offset": [5, 19]}, {"key": "oil-operations", "type": "definition", "offset": [20, 34]}, {"key": "subject-only", "type": "definition", "offset": [84, 96]}, {"key": "the-contribution", "type": "clause", "offset": [165, 181]}, {"key": "support-fund", "type": "definition", "offset": [201, 213]}, {"key": "the-contract", "type": "definition", "offset": [244, 256]}, {"key": "article-28", "type": "definition", "offset": [286, 296]}, {"key": "in-cash", "type": "definition", "offset": [313, 320]}, {"key": "corporate-tax", "type": "definition", "offset": [327, 340]}, {"key": "according-to", "type": "definition", "offset": [355, 367]}, {"key": "crude-oil", "type": "clause", "offset": [473, 482]}, {"key": "rate-of", "type": "clause", "offset": [488, 495]}, {"key": "a-half", "type": "clause", "offset": [533, 539]}, {"key": "total-available-production", "type": 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"ClMSTWoVc35sYXdpbnNpZGVyY29udHJhY3Rzci8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhN0YXgtc3lzdGVtIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"size": 22, "parents": [["system", "System"], ["allocation-of-payments", "ALLOCATION OF PAYMENTS"]], "title": "TAX SYSTEM", "children": [["repeater-tax", "Repeater Tax"], ["standard-tax-rates", "Standard Tax Rates"]], "id": "tax-system", "related": [["interconnection-customer-compensation", "Interconnection Customer Compensation", "Interconnection Customer Compensation"], ["interconnection-customer-payments-not-taxable", "Interconnection Customer Payments Not Taxable", "Interconnection Customer Payments Not Taxable"], ["interconnection-customer", "Interconnection Customer", "Interconnection Customer"], ["utilities", "Utilities", "Utilities"], ["interconnection-customers-interconnection-facilities", "Interconnection Customer\u2019s Interconnection Facilities", "Interconnection Customer\u2019s Interconnection Facilities"]], "related_snippets": [], "updated": "2025-07-07T12:37:53+00:00", "also_ask": [], "drafting_tip": "", "explanation": "The TAX SYSTEM clause defines the rules and procedures governing the assessment, collection, and payment of taxes relevant to the agreement or transaction. It typically outlines which party is responsible for specific tax obligations, such as sales tax, value-added tax, or withholding tax, and may specify how tax documentation should be handled. By clearly allocating tax responsibilities, this clause helps prevent disputes and ensures compliance with applicable tax laws, thereby reducing the risk of unexpected financial liabilities."}, "json": true, "cursor": ""}}