No VAT Sample Clauses
The "No VAT" clause specifies that the amounts payable under the agreement do not include Value Added Tax (VAT). In practice, this means that if VAT is applicable to any goods or services provided, it will be charged in addition to the agreed prices, and the recipient is responsible for paying the VAT amount. This clause ensures clarity regarding tax obligations and prevents disputes over whether VAT is included in the contract price, thereby allocating the responsibility for VAT payments between the parties.
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No VAT. All payments made by or on behalf of the Company under this Agreement shall be exclusive of any value added tax or any other tax of a similar nature (“VAT”) which is chargeable thereon and if any VAT is or becomes chargeable in respect of any such payment, the Company shall, subject to receipt of an appropriate VAT invoice, pay in addition the amount of such VAT (at the same time and in the same manner as the payment to which such VAT relates). For the avoidance of doubt, all amounts charged by the Agent or for which the Agent is to be reimbursed will be invoiced and payable together with VAT, where applicable. Any amount for which the Agent is to be reimbursed or indemnified under this Agreement will be reimbursed or indemnified together with an amount equal to any VAT payable in relation to the cost, fee, expense or other amount to which the reimbursement or indemnification relates.
No VAT no VAT or equivalent tax is applicable in respect of any sale of Transferred Receivables to the Factor; and
No VAT in relation to the French Sellers only, no VAT or equivalent tax is applicable in respect of any sale of Transferred Receivables by it to the Factor.
No VAT. The parties jointly assume that the payments agreed upon in this Agreement shall not be subject to any value added taxes (VAT). Should any competent tax authority require VAT to be paid on any of these amounts, then the Party that is obliged to make a respective payment to the other Party under this Agreement shall pay such additional VAT amounts as are to be made under applicable tax laws, subject to having received an invoice that allows deduction of respective input tax, if so provided for under applicable tax laws.