Common use of Income and Other Taxes Clause in Contracts

Income and Other Taxes. Any use, lodging, excise, federal, local taxes, or similar governmental charges shall be charged to the Rental Guest. Manager shall be responsible for administering the payment of all such applicable sales and other taxes or charges. Upon execution of this Agreement, Owner shall provide Manager with a W-9 Form listing Owners name, address, and taxpayer identification information. Owner acknowledges that the income attributable to Owner from Rental Guest occupancy of the Residence is a taxable transaction, and Owner is responsible for any and all such income taxes. Owner further represents and warrants to Manager that Owner has not relied upon Manager for tax advice and acknowledges that Manager recommends consulting with competent legal counsel in connection with the tax consequences of Owner’s execution of this Agreement. Owners shall each provide the Manager with current and accurate information as to their nationality status, tax residence and tax withholding status under Mexican law. No distributions shall be made to an Owner unless and until such information is on file with the Manager. The Manager shall then withhold and remit to Mexican tax authorities all amount required under Mexican law based on the information available to the Manager. Summary information reporting withholding by the Manager shall be provided to Owners in accordance with Mexican law.