Common use of Eligibility of expenses Clause in Contracts

Eligibility of expenses. 5.1. Eligible and non-eligible expenses of the implementation the COST Action are those identified in the 5.2.Annotated Rules for COST Actions (level C). Non-eligible expenses specific under the present Agreement are as follows: ■ Identifiable indirect and direct taxes and duties, including Value Added Tax (V.A.T.). V.A.T. is not a fee and is a non-eligible expense under the COST Grant System, irrespective of whether the Xxxxx Xxxxxx institution is subject to pay V.A.T. or not. V.A.T. cannot be claimed or be reimbursed and shall be paid using sources other than COST funds. ■ Taxes applicable according to national law on the reimbursement of flat rates or grants should not be applicable taking into consideration the nature of COST funds. COST is exclusively funded by European public funding, and as such, funds granted to Action participants are not taxable. In any case, those taxes are not eligible and cannot be deducted from any amount paid to the Action participants. ■ The COST Association will not bear the cost of any fiscal adjustment applied to the Xxxxx Xxxxxx as a result of payments made under this Agreement. ■ Provisions for possible future losses or charges and for doubtful debt ■ Expenses related to interests or duties ■ Exchange rate losses and expenses related to a return on capital ■ Expenses linked to activities that do not have a clear and recognisable association with COST activities, as well as expenses incurred or reimbursed from other sources in respect of other projects. ■ Bank and / or currency related charges linked to receiving Grant payments are to be borne by the Xxxxx Xxxxxx. 5.3. Any expenses linked to any activity carried out without the approval of the COST Action MC or the Core Group following its Delegation of Powers as per Article 3.6 of the Annotated Rules for COST Actions, or outside the Grant Period mentioned in Article 3.1 are not eligible for reimbursement.

Eligibility of expenses. 5.1. Eligible and non-eligible expenses of the implementation the COST Action are those identified in the 5.2.Annotated Annotated Rules for COST Actions (level C). 5.2. Non-eligible expenses specific under the present Agreement are as follows: ■ Identifiable indirect and direct taxes and duties, including Value Added Tax (V.A.T.). V.A.T. is not a fee and is a non-eligible expense under the COST Grant System, irrespective of whether the Xxxxx Xxxxxx institution is subject to pay V.A.T. or not. V.A.T. cannot be claimed or be reimbursed and shall be paid using sources other than COST funds. ■ Taxes applicable according to national law on the reimbursement of flat rates or grants should not be applicable taking into consideration the nature of COST funds. COST is exclusively funded by European public funding, and as such, funds granted to Action participants are not taxable. In any case, those taxes are not eligible and cannot be deducted from any amount paid to the Action participants. ■ The COST Association will not bear the cost of any fiscal adjustment applied to the Xxxxx Xxxxxx as a result of payments made under this Agreement. ■ Provisions for possible future losses or charges and for doubtful debt ■ Expenses related to interests or duties ■ Exchange rate losses and expenses related to a return on capital ■ Expenses linked to activities that do not have a clear and recognisable association with COST activities, as well as expenses incurred or reimbursed from other sources in respect of other projects. ■ Bank and / or currency related charges linked to receiving Grant payments are to be borne by the Xxxxx Xxxxxx. 5.3. Any expenses linked to any activity carried out without the approval of the COST Action MC or the Core Group following its Delegation of Powers as per Article 3.6 of the Annotated Rules for COST Actions, or outside the Grant Period mentioned in Article 3.1 are not eligible for reimbursement.