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.
Appears in 5 contracts
Samples: Implementation Agreement, Implementation Agreement, Implementation Agreement
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.…….2019
Appears in 5 contracts
Samples: Implementation Agreement, Implementation Agreement, Implementation Agreement
