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10.5. Other Regimes

Mining companies under the Contract of Work, and oil and gas operating under a Production Sharing Contract are subject to tax based on provisions contained in the contract. Generally, the taxation provision of the contract is determined at the time of conclusion of the contract and remains unchanged thereafter. However, there are also some contracts where the tax provisions follow the tax regulation that may change from time to time. It is suggested to review the relevant tax provision of the contract to determine the applicable tax regime.