PAYROLL OR EMPLOYMENT TAXES. NMSU has no duty to withhold or pay any federal, state, or local income, payroll or employment taxes of any kind with respect to any payment to Seller or on behalf of Seller or its agents or employees. But NMSU may be required to withhold up to a thirty percent tax withholding, under IRS Publication 515, on payments for services performed by a foreign individual or a foreign entity while in the United States.
Appears in 2 contracts
Samples: Purchase Agreement, Purchase Order Agreement
PAYROLL OR EMPLOYMENT TAXES. NMSU has no duty to withhold or pay any No federal, state, or local income, payroll or employment taxes of any kind will be withheld or paid by NMSU with respect to any payment payments to Seller or on behalf of Seller or its agents or employees. But Except that NMSU may be required to withhold up to a thirty percent 30% tax withholding, under IRS Publication 515, on payments for services performed by a foreign individual or a foreign entity while in the United States.
Appears in 1 contract
Samples: Standard Terms and Conditions
PAYROLL OR EMPLOYMENT TAXES. NMSU has no duty to withhold or pay any No federal, state, or local income, payroll or employment taxes of any kind will be withheld or paid by NMSU with respect to any payment payments to Seller or on behalf of Seller or its agents or employees. But Except that NMSU may be required to withhold up to a thirty percent 30% tax withholding, under IRS Publication 515, on om payments for services performed by a foreign individual or a foreign entity while in the United States.
Appears in 1 contract
Samples: Standard Terms and Conditions