Taxation of the Company. (a) The Company shall maintain its existence as a company incorporated under the laws of Bangladesh operating exclusively as a power generation company, commencing on the Commercial Operation Date and continuing until the 20th (twentieth) anniversary of the Commercial Operation Date. The Company shall be exempted from taxation or withholding tax in Bangladesh (or withholding of tax by BPDB, or GOB) on its income from the sale of Net Energy Output under the Power Purchase Agreement (or on any payments received by the Company in lieu thereof) in accordance with the applicable Statutory Regulatory Order (SRO) in effect as on Bid Date.
Taxation of the Company. (a) Where the Company maintains its existence as a company incorporated under the laws of Bangladesh operating exclusively as a power generation company, the Company shall, commencing on the Commercial Operations Date and continuing until the fifteenth (15th) anniversary of the Commercial Operations Date, be exempt from taxation or withholding tax in Bangladesh (or withholding of tax by BPDB or GOB) on its income from the sale of Dependable Capacity and Net Energy Output under the Power Purchase Agreement (or on any payments received by the Company in lieu thereof).
Taxation of the Company. (a) Where the Company maintains its existence as a company incorporated under the laws of Bangladesh operating exclusively as a power generation company as per Private Sector Power Generation Policy of Bangladesh, the Company shall, be entitled to get fiscal incentives provided in the SRO No.-211/law/income tax/2013 dated: 01.07.2013 and its subsequent amendments SRO No. 354-law/2013 dated: 18.11.2013 and SRO No.- 246/law/2016 dated: 26.07.2016 and subsequent amendment (if any)
Taxation of the Company. (a) The Company shall maintain its existence as a company incorporated under the laws of Bangladesh operating exclusively as a power generation company, commencing on the Commercial Operations Date and continuing until the 20th (twentieth) anniversary of the Commercial Operations Date. The Company shall be exempted from taxation or withholding tax in Bangladesh (or withholding of tax by BPDB, or GOB) on its income from the sale of Net Energy Output under the Power Purchase Agreement (or on any payments received by the Company in lieu thereof) in accordance with the prevailing Statutory Regulatory Order (SRO) and any subsequent amendment thereof.
Taxation of the Company. Solely for tax purposes, the Company will be disregarded as an entity separate from the Member.
Taxation of the Company. During the Term the Company shall not be subject to taxation in Pakistan on its profits and gains derived from electric power generation under the Power Purchase Agreement, as provided under Clause (132) of Part I and Clause (11)(v) of Part IV, both of the Second Schedule to the Income Tax Ordinance 2001, as in effect on the date hereof or on payments in lieu thereof, including payments made by the GOP to the Company under and pursuant to Section 15.1; provided, that any change in Clause (132) or its application to the Company shall not give rise to a breach or default of the GOP hereunder so long as such change results in a change in the Tariff as provided in Section 14.4 and Schedule 1 to the Power Purchase Agreement.
Taxation of the Company. During the Term the Company shall not be subject to taxation in Pakistan on its profits and gains derived from electric power generation under the Power Purchase Agreement, whether such profit or gains are construed to have been earned in Pakistan or in AJ&K, as provided under Clause (132) of Part I of Second Schedule to the Income Tax Ordinance 2001, as in effect on the date hereof or on payments in lieu thereof, including payments made by the GOP to the Company under and pursuant to Section 15.1; provided, that any change in Clause (132) or its application to the Company shall not give rise to a breach or default of the GOP hereunder so long as such change results in a change in the Tariff as provided in Section 14.4 and Schedule 1 to the Power Purchase Agreement.
Taxation of the Company. During such time that the Sole Member is the only member of the Company, the Company shall be disregarded for Federal income tax purposes in accordance with Treasury Regulations Sections 301.7701-1 et seq. In furtherance thereof, unless the Manager deems it appropriate for the Company to obtain its own taxpayer identification number, the Company shall engage its business under the taxpayer identification number of the Sole Member.
Taxation of the Company. Each of the Company, Finance Subsidiary and AIMCO Holdings shall at all times be taxed as a partnership under the Code and not as an association taxable as a corporation.
Taxation of the Company. The Company shall at all times be taxed as a partnership under the Code and not as an association taxable as a corporation.
