Common use of Invoices and VAT Clause in Contracts

Invoices and VAT. The Institute is a teaching and research centre which uses a decentralised administrative structure and which manages, in addition to the different internal projects, several activities which are externally financed by both public and private sponsors. The contractor undertakes to follow the analytical invoicing procedures requested by the Institute, issuing on demand specific invoices for each cost centre/activity identified. Invoices shall show the identification details of the contractor, the amount, currency and date, as well as the reference to the contract, purchase order or specific contract. The EUI is, as a rule, exempt from payment of Value Added Tax (VAT) pursuant to Article 151, para 1 (b) and para 2 of Council Directive 2006/112/EC, as last amended by Council Directive 2009/162/UE. This exemption applies to goods imported and services provided for the Institute’s official activities for amounts exceeding €300.00 (three hundred/00). The EUI is exempt from customs duties and direct taxes within the terms of Articles 4 and 5 of the "Protocol on the Privileges and Immunities of the European University Institute". The contractor shall accordingly complete the necessary formalities with the relevant authorities to ensure that supplies and services required for the performance of the contract are exempt from taxes and duties, including VAT exemption. In case of subcontracting the payment of invoices shall be subordinated to the submission of the receipt of payment from the subcontractor.

Invoices and VAT. The Institute is a teaching and research centre which uses a decentralised administrative structure and which manages, in addition to the different internal projects, several activities which are externally financed by both public and private sponsors. The contractor Contractor undertakes to follow the analytical invoicing procedures requested by the Institute, issuing on demand specific invoices for each cost centre/activity identified. Invoices shall show the identification details of the contractor, the amount, currency and date, as well as the reference details of the contract and reference to the contract, purchase order or specific contract. The EUI is, as a rule, exempt from payment of Value Added Tax (VAT) pursuant to Article art. 151, para 1 (b) and para 2 of Council Directive 2006/112/EC, as last amended by Council Directive 2009/162/UE. This exemption applies to goods imported and services provided for the Institute’s official activities for amounts exceeding €300.00 (three hundred/00). The EUI is exempt from customs duties and direct taxes within the terms of Articles 4 and 5 of the "Protocol on the Privileges and Immunities of the European University Institute". The contractor shall accordingly complete the necessary formalities with the relevant authorities to ensure that supplies and services required for the performance of the contract are exempt from taxes and duties, including VAT exemption. In case of subcontracting the payment of invoices shall be subordinated to the submission of the receipt of payment from the subcontractor.

Invoices and VAT. The Institute is a teaching and research centre which uses a decentralised administrative structure and which manages, in addition to the different internal projects, several activities which are externally financed by both public and private sponsors. The contractor undertakes to follow the analytical invoicing procedures requested by the Institute, issuing on demand specific invoices for each cost centre/activity identified. Invoices shall show the identification details of the contractor, the amount, currency and date, as well as the reference to the contract, purchase order or specific contract. The EUI is, as a rule, exempt from payment of Value Added Tax (VAT) pursuant to Article art. 151, para 1 (b) and para 2 of Council Directive 2006/112/EC, as last amended by Council Directive 2009/162/UE. This exemption applies to goods imported and services provided for the Institute’s official activities for amounts exceeding €300.00 (three hundred/00). The EUI is exempt from customs duties and direct taxes within the terms of Articles 4 and 5 of the "Protocol on the Privileges and Immunities of the European University Institute". The contractor shall accordingly complete the necessary formalities with the relevant authorities to ensure that supplies and services required for the performance of the contract are exempt from taxes and duties, including VAT exemption. In case of subcontracting the payment of invoices shall be subordinated to the submission of the receipt of payment from the subcontractor.