Common use of EXCHANGE CONTROL, TAX AND LEGAL REQUIREMENTS Clause in Contracts

EXCHANGE CONTROL, TAX AND LEGAL REQUIREMENTS. (a) You must comply with exchange control, tax laws and any other laws governing the use of your Account or Cards, and you agree to indemnity us against any consequence of your failure to comply. (b) Unless specifically stated, all amounts payable under this Agreement are exclusive of taxes, which if applicable, should be added to the amount payable, whether monetary or non-monetary consideration is provided. We may charge to your Card or Account the full amount or a reasonable part of that tax, duty, or other charge (as determined by us) except as prohibited by law. (c) The following provisions shall apply in relation to taxes: (i) Taxes are defined to include but are not limited to Goods and Services Tax (GST), Value-Added Tax (VAT) and all other taxes and duties levied or assessed in connection with a supply made under this Agreement. (ii) Taxes that are payable under this clause are due at the same time as any amount payable under the agreement is due. (iii) If any payment under this Agreement is a reimbursement or indemnification by one party of an expense, loss or liability incurred or to be incurred by the other party, the amount of any input tax credit the other party is entitled to claim is deducted from that payment; (iv) Where amounts payable under this Agreement are in respect of a taxable supply, the parties will agree to issue a tax invoice in respect of the supply; (d) In the event that any of such fees payable to us are subject to withholding taxes you shall withhold and pay over the required amounts to the tax authorities within the time provided by law, and you will deduct the amount of any such withholding taxes from the fees to be paid to us and shall furnish to us within thirty (30) days thereof or as soon as practicable thereafter the official receipts of the relevant tax authorities for the taxes involved. (e) Each Party shall otherwise be responsible for its own taxes arising in connection with this Agreement. (f) We may provide you with reports, management information and/or data feeds for your Account in our standard format. We do not represent or guarantee that you can rely on such reports or information being accurate or complete for the purpose of complying with your tax or other legal obligations or for any other purpose.

Appears in 7 contracts

Samples: Global Corporate Payments Agreement, Global Corporate Payments Agreement, Corporate Meeting Card Agreement

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EXCHANGE CONTROL, TAX AND LEGAL REQUIREMENTS. (a) You must comply with exchange control, tax laws and any other laws governing the use of your Account or Cards, and you agree to indemnity us against any consequence of your failure to comply. (b) Unless specifically stated, all amounts payable under this Agreement are exclusive of taxes, which if applicable, should be added to the amount payable, whether monetary or non-monetary consideration is provided. We may charge to your Card or Account the full amount or a reasonable part of that tax, duty, or other charge (as determined by us) except as prohibited by law. (c) The following provisions shall apply in relation to taxes: (i) Taxes are defined to include but are not limited to Goods and Services Tax (GST), Value-Added Tax (VAT) and all other taxes and duties levied or assessed in connection with a supply made under this Agreement. (ii) Taxes that are payable under this clause are due at the same time as any amount payable under the agreement is due. (iii) If any payment under this Agreement is a reimbursement or indemnification by one party of an expense, loss or liability incurred or to be incurred by the other party, the amount of any input tax credit the other party is entitled to claim is deducted from that payment; (iv) Where amounts payable under this Agreement are in respect of a taxable supply, the parties will agree to issue a tax invoice in respect of the supply; (d) In the event that any of such fees payable to us are subject to withholding taxes you shall withhold and pay over the required amounts to the tax authorities within the time provided by law, and you will deduct the amount of any such withholding taxes from the fees to be paid to us and shall furnish to us within thirty (30) days thereof or as soon as practicable thereafter the official receipts of the relevant tax authorities for the taxes involved. (e) Each Party shall otherwise be responsible for its own taxes arising in connection with this Agreement. (f) We may provide you with reports, management information and/or data feeds for your Account in our standard format. We do not represent or guarantee that you can rely on such reports or information being accurate or complete for the purpose of complying with your tax or other legal obligations or for any other purpose.

Appears in 2 contracts

Samples: Global Corporate Payments Agreement, Global Corporate Payments Agreement

EXCHANGE CONTROL, TAX AND LEGAL REQUIREMENTS. (a) You must comply with exchange control, tax laws and any other laws governing the use of your Account or Cards, and you agree to indemnity us against any consequence of your failure to comply. (b) Unless specifically stated, all amounts payable under this Agreement are exclusive of taxes, which if applicable, should be added to the amount payable, whether monetary or non-non- monetary consideration is provided. We may charge to your Card or Account the full amount or a reasonable part of that tax, duty, or other charge (as determined by us) except as prohibited by law. (c) The following provisions shall apply in relation to taxes: (i) i. Taxes are defined to include but are not limited to Goods and Services Tax (GST), Value-Added Tax (VAT) and all other taxes and duties levied or assessed in connection with a supply made under this Agreement. (ii) . Taxes that are payable under this clause Section are due at the same time as any amount payable under the agreement is due. (iii) If any payment under this Agreement is a reimbursement or indemnification by one party of an expense, loss or liability incurred or to be incurred by the other party, the amount of any input tax credit the other party is entitled to claim is deducted from that payment; (iv) Where amounts payable under this Agreement are in respect of a taxable supply, the parties will agree to issue a tax invoice in respect of the supply; (d) In the event that any of such fees payable to us are subject to withholding taxes you shall withhold and pay over the required amounts to the tax authorities within the time provided by law, and you will deduct the amount of any such withholding taxes from the fees to be paid to us and shall furnish to us within thirty (30thirty(30) days thereof or as soon as practicable thereafter the official receipts of the relevant tax authorities for the taxes involved. (e) Each Party shall otherwise be responsible for its own taxes arising in connection with this Agreement. (f) We may provide you with reports, management information and/or and/ or data feeds for your Account in our standard format. We do not represent or guarantee that you can rely on such reports or information being accurate or complete for the purpose of complying with your tax or other legal obligations or for any other purpose.

Appears in 1 contract

Samples: Terms and Conditions for Global Corporate Payment

EXCHANGE CONTROL, TAX AND LEGAL REQUIREMENTS. (a) You must comply with exchange control, tax laws and any other laws governing the use of your Account or Cards, and you agree to indemnity us against any consequence of your failure to comply. (b) Unless specifically stated, all amounts payable under this Agreement are exclusive of taxes, which if applicable, should be added to the amount payable, whether monetary or non-monetary consideration is provided. We may charge to your Card or Account the full amount or a reasonable part of that tax, duty, or other charge (as determined by us) except as prohibited by law. (c) The following provisions shall apply in relation to taxes: (i) Taxes are defined to include but are not limited to Goods and Services Tax (GST), Value-Added Tax (VAT) and all other taxes and duties levied or assessed in connection with a supply made under this Agreement. (ii) Taxes that are payable under this clause are due at the same time as any amount payable under the agreement Agreement is due. (iii) If any payment under this Agreement is a reimbursement or indemnification by one party of an expense, loss or liability incurred or to be incurred by the other party, the amount of any input tax credit the other party is entitled to claim is deducted from that payment; (iv) Where amounts payable under this Agreement are in respect of a taxable supply, the parties will agree to issue a tax invoice in respect of the supply; (d) In the event that any of such fees payable to us are subject to withholding taxes you shall withhold and pay over the required amounts to the tax authorities within the time provided by law, and you will deduct the amount of any such withholding taxes from the fees to be paid to us and shall furnish to us within thirty (30) days thereof or as soon as practicable thereafter the official receipts of the relevant tax authorities for the taxes involved. (e) Each Party shall otherwise be responsible for its own taxes arising in connection with this Agreement. (f) We may provide you with reports, management information and/or data feeds for your Account in our standard format. We Subject to (g), we do not represent or guarantee that you can rely on such reports or information being accurate or complete for the purpose of complying with your tax or other legal obligations or for any other purpose. (g) The Australian Taxation Office has provided approval for companies American Express Global Corporate Payments’ Accounts to use their Statements and electronic data files to support their claim for input tax credits without holding a tax invoice or adjustment note, provided certain requirements are met. The approvals are set out in the following legislative instruments:

Appears in 1 contract

Samples: Global Corporate Payments Agreement

EXCHANGE CONTROL, TAX AND LEGAL REQUIREMENTS. (a) You must comply with exchange control, tax laws and any other laws governing the use of your Account or Cards, and you agree to indemnity indemnify us against any consequence of your failure to comply. (b) Unless specifically stated, all amounts payable under this Agreement are exclusive of taxes, which if applicable, should be added to the amount payable, whether monetary or non-monetary consideration is provided. We may charge to your Card or Account the full amount or a reasonable part of that tax, duty, duty or other charge (as determined by us) except as prohibited by law. (c) The following provisions shall apply in relation to taxes: (i) Taxes are defined to include but are not limited to Goods and Services Tax (GST), Value-Added Tax (VAT) and all other taxes and duties levied or assessed in connection with a supply made under this Agreement.; (ii) Taxes that are payable under this clause section are due at the same time as any amount payable under the agreement is due.; (iii) If any payment under this Agreement is a reimbursement or indemnification by one party of an expense, loss or liability incurred or to be incurred by the other party, the amount of any input tax credit the other party is entitled to claim is deducted from that payment; (iv) Where amounts payable under this Agreement are in respect of a taxable supply, the parties will agree to issue a tax invoice in respect of the supply;. (d) In the event that any of such fees payable to us are subject to withholding taxes taxes, you shall withhold and pay over the required amounts to the tax authorities within the time provided by law, and you will deduct the amount of any such withholding taxes from the fees to be paid to us and shall furnish to us within thirty (30) days thereof thereof, or as soon as practicable thereafter thereafter, the official receipts of the relevant tax authorities for the taxes involved. (e) Each Party shall otherwise be responsible for its own taxes arising in connection with this Agreement. (f) We may provide you with reports, management information and/or data feeds for your Account in our standard format. We do not represent or guarantee that you can rely on such reports or information being accurate or complete for the purpose of complying with your tax or other legal obligations or for any other purpose.

Appears in 1 contract

Samples: Corporate Account Agreement

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EXCHANGE CONTROL, TAX AND LEGAL REQUIREMENTS. (a) You must comply with exchange control, tax laws and any other laws governing the use of your Account or Cards, and you agree to indemnity us against any consequence of your failure to comply. (b) Unless specifically stated, all amounts payable under this Agreement are exclusive of taxes, which if applicable, should be added to the amount payable, whether monetary or non-monetary consideration is provided. We may charge to your Card or Account the full amount or a reasonable part of that tax, duty, or other charge (as determined by us) except as prohibited by law. (c) The following provisions shall apply in relation to taxes: (i) i. Taxes are defined to include but are not limited to Goods and Services Tax (GST), Value-Added Tax (VAT) and all other taxes and duties levied or assessed in connection with a supply made under this Agreement. (ii) . Taxes that are payable under this clause Section are due at the same time as any amount payable under the agreement is due. (iii) If any payment under this Agreement is a reimbursement or indemnification by one party of an expense, loss or liability incurred or to be incurred by the other party, the amount of any input tax credit the other party is entitled to claim is deducted from that payment; (iv) Where amounts payable under this Agreement are in respect of a taxable supply, the parties will agree to issue a tax invoice in respect of the supply; (d) In the event that any of such fees payable to us are subject to withholding taxes you shall withhold and pay over the required amounts to the tax authorities within the time provided by law, and you will deduct the amount of any such withholding taxes from the fees to be paid to us and shall furnish to us within thirty (30thirty(30) days thereof or as soon as practicable thereafter the official receipts of the relevant tax authorities for the taxes involved. (e) Each Party shall otherwise be responsible for its own taxes arising in connection with this Agreement. (f) We may provide you with reports, management information and/or and/ or data feeds for your Account in our standard format. We do not represent or guarantee that you can rely on such reports or information being accurate or complete for the purpose of complying with your tax or other legal obligations or for any other purpose.

Appears in 1 contract

Samples: Terms and Conditions for Global Corporate Payment

EXCHANGE CONTROL, TAX AND LEGAL REQUIREMENTS. (a) You must comply with exchange control, tax laws and any other laws governing the use of your Account or Cards, and you agree to indemnity indemnify us against any consequence of your failure to comply. (b) Unless specifically stated, all amounts payable under this Agreement are exclusive of taxes, which if applicable, should be added to the amount payable, whether monetary or non-monetary consideration is provided. We may charge to your Card or Account the full amount or a reasonable part of that tax, duty, duty or other charge (as determined by us) except as prohibited by law. (c) The following provisions shall apply in relation to taxes: (i) Taxes are defined to include but are not limited to Goods and Services Tax (GST), Value-Added Tax (VAT) and all other taxes and duties levied or assessed in connection with a supply made under this Agreement.; (ii) Taxes that are payable under this clause section are due at the same time as any amount payable under the agreement is due.; (iii) If any payment under this Agreement is a reimbursement or indemnification by one party of an expense, loss or liability incurred or to be incurred by the other party, the amount of any input tax credit the other party is entitled to claim is deducted from that payment; (iv) Where amounts payable under this Agreement are in respect of a taxable supply, the parties will agree to issue a tax invoice in respect of the supply;. AEX9691 03/15 (d) In the event that any of such fees payable to us are subject to withholding taxes taxes, you shall withhold and pay over the required amounts to the tax authorities within the time provided by law, and you will deduct the amount of any such withholding taxes from the fees to be paid to us and shall furnish to us within thirty (30) days thereof thereof, or as soon as practicable thereafter thereafter, the official receipts of the relevant tax authorities for the taxes involved. (e) Each Party shall otherwise be responsible for its own taxes arising in connection with this Agreement. (f) We may provide you with reports, management information and/or data feeds for your Account in our standard format. We do not represent or guarantee that you can rely on such reports or information being accurate or complete for the purpose of complying with your tax or other legal obligations or for any other purpose.

Appears in 1 contract

Samples: Corporate Account Agreement

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