Common use of PRACTICAL DETERMINATION OF THE Clause in Contracts

PRACTICAL DETERMINATION OF THE. TAXABLE BASE (1) Annual gross revenues (2) Royalties (3) State’s share of net Hydrocarbons (4) State’s right to a share of Production based on its carried or paid interest in the Contract (5) Deductible intangible capital costs (6) Depreciation of tangible capital costs (7) Deductible non-capital costs (8) Losses authorized and certified by the Ministry, corresponding to previous Calendar Years