Foreign Other Taxes Sample Clauses
The "Foreign Other Taxes" clause defines how taxes imposed by foreign jurisdictions, other than standard income taxes, are handled in a contract. It typically specifies which party is responsible for paying or withholding taxes such as value-added tax (VAT), sales tax, or other levies that may arise due to cross-border transactions. For example, if a service is provided in a country with a digital services tax, this clause clarifies whether the buyer or seller must account for and remit the tax. Its core function is to allocate responsibility for non-domestic taxes, thereby preventing disputes and ensuring compliance with international tax obligations.
Foreign Other Taxes. Except as otherwise provided in Section 2.08:
(a) EQT shall be responsible for any and all Foreign Other Taxes due with respect to, or required to be reported on, any EQT Foreign Combined Other Tax Return or any EQT Separate Return; and
(b) SpinCo shall be responsible for any and all Foreign Other Taxes due with respect to, or required to be reported on, any SpinCo Separate Return.
Foreign Other Taxes. (i) Parent shall be responsible for any and all Foreign Other Taxes due with respect to or required to be reported on any (A) Parent Separate Return or (B) Joint Return that Parent or any member of the Parent Group is obligated to file under applicable Tax Law.
(ii) SpinCo shall be responsible for any and all Foreign Other Taxes due with respect to or required to be reported on any (A) SpinCo Separate Return or (B) Joint Return that SpinCo or any member of the SpinCo Group is obligated to file under applicable Tax Law.