Tax Burden. If related taxes and fees are incurred separately or additionally to the transaction due to changes in China’s tax laws and regulations, the Bank shall have the right to separately charge from Party B (client) value-added tax applicable to this business in addition to the contract price for the VAT taxable business under the Contract.
Tax Burden. The present deed is subject to registration only in the event of its use, as defined in articles 5 and 39 of Presidential Decree n.131/86 and in fixed measure, and pursuant to Article 11 of the Tariff, Part One, of the aforesaid Presidential Decree, since the contractual services are subject to value-added tax at the expense of the requesting part. Stamp duty costs, in accordance with article 2, subparagraph 1, of Presidential Decree 647/72, shall be borne by the Client.
Tax Burden. 21.1 The notarization fees (if any) related to this contract property tax, land use fees, etc. will be borne by Party A and Party B in accordance with the relevant regulations and contractual agreements. If the laws, regulations and this contract do not stipulate the burden method, then both parties shall each half bears.
21.2 Except as required by law or by mutual agreement between Party A and Party B, Party B shall pay to the relevant government departments all government taxes and fees arising from the lease and operation of the store.
21.3 Other expenses, such as attorney fees incurred by the parties for signing this contract, shall be borne by both parties.
21.4 The above rent standard is based on the VAT rate of 5%. If the tax authority adjusts the taxation policy during the performance of the contract, Party A has the right to adjust the rent according to the tax policy issued by the tax authorities (such as adjustment).
Tax Burden. The Parties shall work together to minimize the tax burden in any of the above transactions.
Tax Burden. The DEBTOR will bear any tax burden that may become incident under Brazilian law on future remittals abroad of any amounts, including interest and/or discounts payable by the LENDER because of the Loans, obligating the DEBTOR henceforward to deliver to the LENDER, on the dates specified, the amounts that the LENDER has to bear because of the tax burden then incident.
Tax Burden. The business tax arising from the performance of this contract shall be borne by Party A, the stamp duty shall be borne by each party, and other taxes shall be borne by the party incurred.
Tax Burden. The "Tax Burden" on a Beneficiary will be determined by multiplying the Tax Rate by the amount of taxable income or gain (including Section 704(c) gain or Reverse Section 704(c) gain, but excluding taxable income or gain allocated in respect of the Preferred Allocations Percentage (as such terms are defined in the Partnership Agreement), recognized by such Beneficiary solely and directly from the occurrence of an event described in the first or second sentence of Section 3 with no consideration being given in such computation to any other tax attributes of the Beneficiaries including, without limitation, any other deductions, losses, net operating loss carryforwards or carrybacks, personal exemptions or other attributes that could reduce the maximum marginal tax rate assumed applicable in this Section 5 (less the amount of any taxable losses recognized by such Beneficiary solely and directly from the disposition during the same taxable year of properties by Hotels LP or any other entity controlled by Newco that would not be limited by the absence of capital gains or other specially treated items if the Beneficiary's income derived solely from Hotels LP) and adding together the products of different Tax Rates and categories of taxable income pertaining to the indemnified Beneficiary.
Tax Burden. Unless otherwise agreed among the parties involved and between the parties involved and the landowners, the relevant taxes shall be handled according to the following provisions:
(a) Land value increment tax: taxpayer stipulated in Article 5 of Land Tax Law shall pay the tax.
(b) Land value tax: the land title owner or the dien right holder of a land property registered on the land registry on the base day of tax payment shall pay the tax.
(c) Charges on benefits of public construction: The original owner shall pay charges on benefits that occur prior to the completion of registration of change in land’s ownership, the new owner shall pay for the benefits that occur after the registration of change is completed.
Tax Burden. 9.1 All tributes (taxes, fees, fiscal and parafiscal contributions and any emoluments) directly or indirectly resulting from this Agreement or from its enforcement shall be the exclusive responsibility of the party bound to pay for them as defined by the tax legislation, without having no right to be reimbursed by the other party, for whatever the purpose.
Tax Burden. 8.7.1 The Borrower shall bear the Business Tax in connection with the interest and the stamp duty under the Facility.
8.7.2 Article 11 of the Value-added and Non-value-added Business Tax Act has been modified and the Business Tax for banking industry decreased from July 1, 1999. 3% of the sales amount generated from the operation other than the operation of the primary business (the difference between the prevailing 2% and the original 5%) shall be solely used by the banks for writing off overdue loans or setting aside allowances for bad debts pursuant to the applicable laws. Therefore the business tax to be born by the Borrower in connection with interest under the Facility shall be calculated at the original business tax rate as provided in Article 10 of the Value-added and Non-value-added Business Tax Act (i.e. 5%); provided, however, the change of laws after the execution of this Agreement shall apply.
8.7.3 The Borrower shall not withhold or deduct any portion of the current and future taxes (unless otherwise provided, including business tax and stamp duty) or fees in other nature from the amount due under this Facility. In the event that the Borrower is required by law to withhold or deduct any amount from payment above, the Borrower shall pay such additional amount as may be necessary in order that the actual amount received after deduction or withholding shall equal the amount that would have been received if such deduction or withholding was not required.
