Common use of Service Taxes Clause in Contracts

Service Taxes. You shall (in addition to the remuneration contemplated herein) pay any service, goods and services tax, value added tax, harmonised services tax, sales or analogous tax or duty which we or any third party are obligated by applicable law to charge (“Service Taxes”). All sums payable under this Agreement (“the Sums”) are exclusive of Service Taxes or any other applicable tax or duty payable upon such Sums, which shall be calculated and added to the Sums (if applicable) at the rate prevailing at the relevant tax point. Any Service Taxes payable shall be payable by you. For the avoidance of doubt, this provision shall apply also to any Services Taxes assessed as due retrospectively. We will not be responsible or liable for any VAT or other Service Taxes that may be due on the premium amount payable by you. We do not provide tax, legal or accounting advice, and therefore you should consult your own tax, legal and accounting advisors in relation to the VAT that you may be liable to pay in connection with your reinsurance cover. To the extent it is relevant we will provide you with (or seek to procure from the relevant third party) the necessary evidence or documentation to support the levy of any such applicable Service Taxes Placement-Specific Market-Derived Income We or other Xxxxxx Xxxxxx Xxxxxx Companies have contracts with various reinsurers under which we provide certain services, such as those under binding authorities, lineslip and similar arrangements (for example, providing statements of the business accepted and the issuance of certificates of reinsurance cover). We may also provide reinsurance broking services for reinsurers. Where authorised we may also enter into service agreements with certain reinsurers in order to assist the development of reinsurance products for our clients. Under these arrangements we may be paid by the reinsurers for the services we provide to them in addition to any fees or commissions we may receive from you for placing your reinsurance cover.

Service Taxes. You shall (in addition to the remuneration contemplated herein) pay any service, goods and services tax, value added tax, harmonised services tax, sales or analogous tax or duty which we or any third party are obligated by applicable law to charge (“Service Taxes”). All sums payable under this Agreement (“the Sums”) are exclusive of Service Taxes or any other applicable tax or duty payable upon such Sums, which shall be calculated and added to the Sums (if applicable) at the rate prevailing at the relevant tax point. Any Service Taxes payable shall be payable by you. For the avoidance of doubt, this provision shall apply also to any Services Taxes assessed as due retrospectively. We will not be responsible or liable for any VAT or other Service Taxes that may be due on the premium amount payable by you. We do not provide tax, legal or accounting advice, and therefore you should consult your own tax, legal and accounting advisors in relation to the VAT that you may be liable to pay in connection with your reinsurance (re)insurance cover. To the extent it is relevant we will provide you with (or seek to procure from the relevant third party) the necessary evidence or documentation to support the levy of any such applicable Service Taxes Placement-Specific Market-Derived Income We or other Xxxxxx Xxxxxx Xxxxxx Companies have contracts with various reinsurers (re)insurers under which we provide certain services, such as those under binding authorities, lineslip and similar arrangements (for example, providing statements of the business accepted and the issuance of certificates of reinsurance (re)insurance cover). We may also provide reinsurance (re)insurance broking services for reinsurers(re)insurers. Where authorised we may also enter into service agreements with certain reinsurers (re)insurers in order to assist the development of reinsurance (re)insurance products for our clients. In certain lines of property and casualty business, we may provide risk engineering services for insurers. Although any risk engineering reports are usually prepared for and paid for by insurers and may therefore contain findings which have an impact on the risk profile being considered, we will discuss and share any reports with you. Any reliance that you place on these reports is subject to these terms and conditions. Under these arrangements we may be paid by the reinsurers (re)insurers for the services we provide to them in addition to any fees or commissions we may receive from you for placing your reinsurance (re)insurance cover. These arrangements are detailed further in the attached “Market-Derived Income” addendum.

Service Taxes. You shall (in addition to the remuneration contemplated herein) pay any service, goods and services tax, value added tax, harmonised services tax, sales or analogous tax or duty which we or any third party are obligated by applicable law to charge (“Service Taxes”). All sums payable under this Agreement (“the Sums”) are exclusive of Service Taxes or any other applicable tax or duty payable upon such Sums, which shall be calculated and added to the Sums (if applicable) at the rate prevailing at the relevant tax point. Any Service Taxes payable shall be payable by you. For the avoidance of doubt, this provision shall apply also to any Services Taxes assessed as due retrospectively. We will not be responsible or liable for any VAT or other Service Taxes that may be due on the premium amount payable by you. We do not provide tax, legal or accounting advice, and therefore you should consult your own tax, legal and accounting advisors in relation rela tion to the VAT that you may be liable to pay in connection with your reinsurance (re)insurance cover. To the extent it is relevant we will provide you with (or seek to procure from the relevant third party) the necessary evidence or documentation to support the levy of any such applicable Service Taxes Placement-Specific Market-Derived Income We or other Xxxxxx Xxxxxx Xxxxxx Companies have contracts with various reinsurers (re)insurers under which we provide certain services, such as those under binding authorities, lineslip and similar arrangements (for example, providing statements of the business accepted and the issuance of certificates of reinsurance (re)insurance cover). We may also provide reinsurance (re)insurance broking services for reinsurers(re)insurers. Where authorised we may also enter into service agreements with certain reinsurers (re)insurers in order to assist the development of reinsurance (re)insurance products for our clients. In certain lines of property and casualty business, we may provide risk engineering services for insurers. Although any risk engineering reports are usually prepared for and paid for by insurers and may therefore contain findings which have an impact on the risk profile being considered, we will discuss and share any reports with you. Any reliance that you place on these reports is subject to these terms and conditions. Under these arrangements we may be paid by the reinsurers (re)insurers for the services we provide to them in addition to any fees or commissions we may receive from you for placing your reinsurance (re)insurance cover. These arrangements are detailed further in the attached “Market-Derived Income” addendum.