Direct Taxes. Supplier is responsible for its own Direct Taxes and may not charge or otherwise recover Direct Taxes from GM. If a jurisdiction requires GM to withhold Direct Tax from GM’s payment to Supplier, GM will provide Supplier appropriate documentation and Supplier will apply the Direct Tax withholding as a payment from GM to Supplier. In no event will GM “gross-up” any payment for withheld Direct Taxes.
Direct Taxes. (a) User withholding tax ("User WHT"): If any amount of the Price is subject to withholding taxes or similar taxes, or if a third-party operator/carrier/agent is required to withhold taxes when Users make payments through their channels, then HONOR will deduct an amount equal to such withheld taxes from the payment to You.
(b) If local law requires that any payment made by HONOR to You is subject to withholding tax ("WHT") and relevant surcharges, the full amount of that WHT and relevant surcharges shall be borne by You. If HONOR believes that such tax is due, relevant surcharges shall be borne by You and HONOR will pay the full amount to the relevant authorities. HONOR will pay the WHT at a preferential tax rate (which is feasible under applicable tax treaty or on other reasonable grounds), provided that You provide relevant information and materials proving that You are entitled to said preferential tax rate under said tax treaty or under applicable local laws before HONOR pays such WHT to the competent authorities and leave HONOR sufficient time to implement said preferential tax rate. HONOR will provide You with confirmation of WHT paid over to the relevant tax authorities on Your behalf (which may include WHT certificates if appropriate or available) should You request such information.
(c) If the laws of the country where You are located levy WHT and surcharges upon relevant HONOR Services provided to You, You shall be obligated to withhold and pay such WHT and surcharges to competent authorities. You may apply to HONOR to reimburse such WHT and surcharges by providing HONOR with the certificate of Your payment of such WHT and surcharges. Nevertheless, in the event of any taxes that You or HONOR shall pay as required by tax authorities due to Your failure to withholding and paying such taxes in accordance with applicable laws and regulations, You shall bear and pay such taxes in full as well as any and all surcharges, late fees, interest, and fines imposed by the tax authorities.
Direct Taxes. At the same time and in the same manner as the payment of Basic Rental hereunder, Tenant shall pay any gross revenue tax, sales tax, excise tax, value-added tax, privilege tax, or similar tax imposed by any government or governmental agency upon Tenant or Landlord on account of the Lease or the payment of Rent hereunder ("Direct Taxes").
Direct Taxes. At the same time and in the same manner ------------ as the payment of Basic Rental hereunder, Tenant shall pay any gross revenue tax, sales tax, excise tax, value-added tax, privilege tax, or similar tax imposed by any government or governmental agency upon Tenant or Landlord on account of the Lease or the payment of Rent hereunder ("Direct Taxes"). ------------
Direct Taxes. Option for the preferential tax treatment
Direct Taxes. 1.1 Dividends, interest payments and royalties For direct tax purposes, please note that the following tax schemes will no longer apply as of 1 January 2021: • the reduced 1.2 percent withholding tax on dividends paid to UK companies (section 27(3-ter) DPR 600/1973); • the withholding tax exemption scheme for dividends paid to UK parent companies (section 27-bis DPR 600/1973); • the withholding tax exemption scheme for interest and royalties paid to UK subsidiaries (section 26-quater DPR 600/1973); • the withholding tax exemption scheme for interest arising from medium and long-term loans paid to UK credit institutions (section 26 (5-bis) DPR 600/1973); • the reduced 5 percent withholding tax on interest paid to UK companies where such interest is intended to finance interest payments and other income from bond loans issued by the recipients (section 26-quater (8-bis) DPR 600/1973). In this regard, the Italian tax authority's FAQs of 31 December 2020 specify as follows: <<the provisions contained in section 26-quater DPR 600/1973 shall no longer apply to interest and royalties payments made to UK taxable entity as of 1 January 2021, save for specific provisions contained in the agreements reached by and between the EU and the UK in order to regulate their mutual relations at the end of the transition period>>. Hence, payments of dividends, interests and royalties to UK taxable persons shall be subject to withholding tax in Italy, or, if applicable, to the lower withholding tax as set forth under the DTA. Similarly, payments of dividends, interest and royalties to Italian taxable persons by UK taxable persons shall be subject to UK withholding tax or, where applicable, to the lower withholding tax as set forth under the DTA. The Italian taxable person may claim such withholding tax, fully or in part, by means of the tax credit for foreign taxes pursuant to section 165 of Italian Tax Code (TUIR). However, the Italian withholding tax exemption scheme for interest on government securities and bonds issued by the so-called "large issuers" still applies, as the UK will continue to provide for an adequate information exchange even after Brexit.
Direct Taxes. (a) Guarantor shall be responsible for any French income, profits or withholding taxes that may apply to any payments by Guarantor due under this Guaranty.
Direct Taxes. Tenant shall pay or cause to be paid before delinquency, any and all taxes levied or assessed and payable during the Term upon all of Tenant's equipment, furniture, fixtures, and other personal property located in the Premises, and Tenant's leasehold improvements, but only to the extent the cost or value of such leasehold improvements exceeds an amount (the "Building Standard Amount") equal to the greater of (i) Thirty-Five and No/100 Dollars ($35.00) per rentable square foot of the Premises or (ii) the cost or value of a building standard build-out as determined by Landlord regardless of whether title to such improvements shall be vested in Tenant or Landlord. The foregoing sentence shall be applicable to Tenant only if the aggregate amount of all taxes or assessments on any leasehold improvements in the Building in excess of the Building Standard Amount are excluded from Taxes for purposes of computing Tenant's Operating Payment pursuant to Article 3 above.
Direct Taxes it is the income tax and the tax on the minimum presumptive income and/or said tax, right, duty or contribution established by the municipal, provincial and/or national government, created with the purpose of laying its economic burden on the payer, excluding the tax on bank debits and credits.
Direct Taxes. Licensor is responsible for its own Direct Taxes and may not charge or otherwise recover Direct Taxes from GM. If a jurisdiction requires GM to withhold Direct Tax from GM’s payment to Licensor , GM will provide Licensor appropriate documentation and Licensor will apply the Direct Tax withholding as a payment from GM to Licensor . In no event will GM “gross-up” any payment for withheld Direct Taxes.
