TAXES AND SOCIAL SECURITY CONTRIBUTIONS. As for the National Social Security Institute – INSS, the Parties shall comply with Law 9,711/98 and Regulatory Instruction 03/05, as further amended. It is mandatory to show in all Bills of Sale, Invoices and Receipts for services rendered under the responsibility of the CONTRACTORS. The CEI number shall be provided by PRINCIPAL to CONTRACTORS, within no later than two (2) business days after the filing of the application for said registration.
TAXES AND SOCIAL SECURITY CONTRIBUTIONS. Regarding the National Social Security Institute – INSS, the CONTRACTING PARTY shall comply with Law 9.711/98 and regulatory instruction 100/2003, as well as with the amendments introduced by IN105/2004. It is mandatory to specify the Social Security payments, as well as to inform the INSS Specific Registration number (CEI – Cadastro Específico do INSS) and the address of the location in the invoice or receipt for services rendered under the responsibility of the CONTRACTED PARTIES.
TAXES AND SOCIAL SECURITY CONTRIBUTIONS. The Parties, in relation to the INSS [National Institute of Social Security – INSS], shall practice the set forth in the Law 9.711/98 and Normative Ruling 03/2005, with later alterations, provided that the highlight of the Social Security tax withheld is obligatory.
TAXES AND SOCIAL SECURITY CONTRIBUTIONS. All payments made to the Executive pursuant to this Agreement shall be made after deduction of applicable withholdings for taxes and social security contributions (if any).
TAXES AND SOCIAL SECURITY CONTRIBUTIONS. Regarding the National Social Security Institute – INSS, the Parties shall comply with Law 9,711/98 and regulatory instruction 100/2003, as well as with the amendments introduced by IN105/2004. It is mandatory to specify the Social Security payments, as well as to inform the INSS Specific Registration number (CEI – Cadastro Específico do INSS) and the address of the location in the invoice or receipt for services rendered under the responsibility of the CONTRACTED PARTIES. The CEI number shall be provided by CONTRACTING PARTIES to the CONTRACTED PARTIES, within no later than two (2) business days after the opening of said registration.
TAXES AND SOCIAL SECURITY CONTRIBUTIONS. As for the National Social Security Institute – INSS, PRINCIPAL shall comply with Law 9,711/98 and Regulatory Instruction 03/05, as further amended. It is mandatory to show in all Bills of Sale, Invoices and Receipts for services rendered under the responsibility of the CONTRACTORS.
TAXES AND SOCIAL SECURITY CONTRIBUTIONS a. The Supplier undertakes to fulfil its statutory obligations to pay the social security contributions and (wage) tax due in connection with orders placed with it and, to the extent applicable, to strictly comply with any applicable law.
b. If, under law or regulation, the Purchaser can be held liable for any social security contributions and wage tax (including national insurances and any penalties and late payment interest related to the taxes) or value added taxes payable by the Supplier, and the Purchaser is required to pay the said taxes and contributions after being held liable for taxes and contributions not paid by the Supplier, or any Supplier coming after it in the sequence of contracts (such as in the case of subcontracting), the Purchaser may claim the total sum from the Supplier, without prejudice to the Purchaser's statutory rights vis-à-vis third parties in the case of subcontracting.
c. The Purchaser will at all times be entitled to withhold the amount payable under law from any amount that it is required to pay to Supplier, so that it may pay the amounts referred to in the previous paragraph directly to the authorities in question and thereby fulfil its payment obligations. The Supplier shall cooperate with any measures at the Purchaser’s first request, so that the Purchaser can pay the part of the amounts payable to the Supplier that are intended for the payment of social security premiums and taxes.
d. The Supplier shall allow the Purchaser to inspect its salary accounts and, at its first request, to enable the Purchaser to verify whether Supplier complies with its obligations towards the tax authorities or any other relevant authorities under this provision.
TAXES AND SOCIAL SECURITY CONTRIBUTIONS. 17.1 The Supplier shall at all times be responsible for the fulfilment of its payment obligations and other obligations arising from the tax and social security legislation that it is subject to.
17.2 If Majorel so requests, the Supplier shall be obliged to immediately:
(a) sufficiently demonstrate, inter alia by means of an auditor's report, that it has taken care of the payment of value added tax, income tax, social security contributions and employee insurance contributions payable by it;
(b) open an escrow account (blocked account) whose balance shall serve as security for the payment of the taxes and contributions referred to in paragraph (a) of this Clause 17.2, and enable Majorel to use the relevant account for payments.
17.3 The Supplier shall indemnify Majorel against all and any liability concerning payment obligations and other obligations of the Supplier arising from tax and social security legislation.
17.4 Majorel shall have the right, without being obliged to compensate the Supplier in any way, to terminate the Agreement or any Purchase Order with immediate effect and without judicial intervention, if the Supplier or any third party that it has engaged is in arrears in the payment of value added tax, payroll tax, social security contributions and employee insurance contributions, without prejudice to any other rights and claims of Majorel, in particular entitlements to compensation.
17.5 Notwithstanding the provisions of Clauses 17.1 through 17.4 (inclusive), Majorel shall at all times be authorised to withhold all amounts payable by the Supplier in respect of value added tax, payroll tax, social security contributions or employee insurance contributions, as well as any charged interest and penalties, from payments to the Supplier, and to pay these directly on behalf of the Supplier to the competent tax authorities or social security agencies; in such cases, payment of the relevant amounts shall discharge Majorel of its payment obligations relating thereto towards the Supplier.
TAXES AND SOCIAL SECURITY CONTRIBUTIONS. The Company and its Subsidiaries have filed, in a timely fashion, all tax and social security returns due to be filed with all competent governmental authorities or entities for all periods prior to the date hereof, including but not limited to, federal, state, foreign, local, income, sales, use, VAT, license, franchise, excise, stamp, notarial, asset, payroll, real and personal property, employment, withholding and other taxes. The 1997 Financial Statements and the Interim Financial Statements reflect or will reflect, in accordance with GAAP, adequate reserves for all taxes and social security contributions payable by the Company for periods ended prior to September 30, 1997 or March 31, 1998 or if Section 3.9 applies September 30, 1998 - respectively.
TAXES AND SOCIAL SECURITY CONTRIBUTIONS. (1) The Sellers warrant and represent that, the Effective Date Financial Statements reserve or provide in full for all taxes, custom duties, public dues and social security charges (other than personal income tax of the Sellers in respect of Schade KG) including penalties and interest thereon for xxxxx the Companies , may have become, or may hereafter become, liable to be assessed in respect of, or by reference to, its profits, assets or operations in respect of the period through the Effective Date.
(2) The Sellers warrant and represent that, with respect to Subsection (1) above, the Companies, as per the Effective Date, have filed all required tax and social security contribution returns and have paid all the taxes and social security contributions, which have become due and have retained all taxes, social security charges and other charges to be retained and paid by them by the due date to the respective recipient and have paid all delay charges and penalties.
(3) If and to the extent that taxes or social security contributions are payable in respect of any period prior to the Effective Date against the Companies which have not been satisfied or reserved or provided for in the Financial Statements, Sellers shall compensate Purchaser for such amounts. This applies, however, only if and to the extent that the damage resulting from such breach of warranties is not reflected in the Effective Date Financial Statements.
(4) If and insofar as additional taxes (Mehrsteuem) are equalized by tax reductions (Mindersteuern), which the Companies would not have obtained otherwise (e.g. because of allocation to different tax periods), there shall be no obligation to compensate for the additional taxes.
(5) Claims under this Section shall be time-barred within six (6) months from the date by which an additional assessment (Festsetzung) or amended assessment by the competent administration becomes res judicata (rechts- oder bestandskraftig), the latest however 10 years after the date of Completion except for assessments by the competent administration because of tax avoidance.
(6) The Sellers are entitled (at their own costs) to participate in the handling and negotiations of tax field- audits covering periods prior to and up to the Effective Date. Binding declarations to the tax authorities which may have consequences for the Sellers shall be made by the Purchaser and or the Companies only in agreement with the Sellers. The Sellers assume corresponding obligations vis-...
