Turnover tax. All amounts mentioned in this Lease are exclusive of turnover tax. The Lessee will owe turnover tax on the payment for additional supplies and services. In the event of lease subject to turnover tax, this also applies to the rent. The turnover tax will be charged by the Lessor and must be paid together with the rent and the payment for additional supplies and services, or the advance payment therefor.
Turnover tax. CONCESSIONAIRE undertakes to pay, as from the effective date of this AGREEMENT, a three percent (3%) Turnover Tax rate for extraction of liquid and/or gaseous hydrocarbons dispatched without issuing the relevant invoices outside the Province of Río Negro, either sold in their state at the time of extraction or in the form of byproducts obtained after industrialization processes. Such tax rate shall be maintained throughout the effective term of the EXPLOITATION CONCESSION, and extensions thereof, without any additions or supplements.
Turnover tax. 27.2.1 The Aggregate Purchase Price and the Closing Adjustment, if any, shall be net of any turnover tax. Any turnover tax triggered by the Signing or Closing of this Agreement (including, for the avoidance of doubt, any agreement executed to consummate the Transaction) shall be paid by Purchaser to the respective Seller within five (5) Business Days after receipt (Zugang) of an invoice issued by such Seller; such invoice has to fulfill the requirements, if any, of the respective turnover tax laws of the respective jurisdiction in which the turnover tax has been triggered.
Turnover tax. Pursuant to Article 18 of the Turnover Tax Xxx 0000, the turn over tax is zero (0) percent in case of export of Crude Oil
Turnover tax. 16.1 This article applies to the Customer who also qualifies as a company under the application of the 1968 Turnover Tax Law, hereinafter also called: the “Customer-company” and who will use the Storage Unit for activities for which the Customer-company has (minimum) 90% deduction right. This article is not applicable to Private Customers.
16.2 Sales tax is payable by the Customer-company mentioned in article 16.1.
16.3 By signing this Storage Agreement in its capacity as company, the Customer-company consents to the Storage Agreement being subject to tax.
16.4 The Customer-company and Shurgard explicitly declare that the lease price was determined based on the assumption that the Customer- company will use the Storage Unit, or will have it used, for at least the legal (minimum) percentage of activities which give right to the deduction of sales tax, and in such a way that an option can be made for a (sub)lease subject to sales tax.
16.5 The Customer-company and Shurgard make use of the possibility given by Notice 45, Decree of 24 March 1999, no. VB 99/571, to waive the introduction of a joint request opting for a lease with sales tax. To this end, a declaration signed by the Customer-company will be sufficient. This declaration will form an integral part of this Storage Agreement.
16.6 When the Customer-company no longer uses the Storage Unit for activity entitling it to sales tax deduction, and as a result the exemption from full payment of the sales tax deduction, and as a result the exemption from full payment of the sales tax is ended, the Customer- company will no longer have to pay sales tax on the price to Shurgard or, where appropriate, Xxxxxxxx's legal successor(s). From the moment the exemption ends, the Customer-company will pay Shurgard, or where appropriate Xxxxxxxx's legal successor(s), next to the lease price excluding sales tax, a sum which fully compensates Shurgard or its legal successor(s) for:
(i) the sales tax no longer deductible on the operating costs of the Storage Units or investments therein,
(ii) the sales tax to be paid by Xxxxxxxx to the fiscal authorities as a result of a recalculation on the basis of article 15, paragraph 4 of the Sales Tax law of 1968, or a review on the basis of articles 11 up to and including 13 of the sales tax implementing decision of 1968,
(iii) all other damage suffered by Xxxxxxxx with the ending of the sales tax deduction.
16.7 The financial disadvantage suffered by Shurgard or, where appropriate, i...
Turnover tax. 2.1 With respect to renting out the object of lease and pursuant to Section 9 German Turnover Tax Act (UStG), the Lessor waived exemption from turnover tax pursuant to Section 4 No. 12a) German Turnover Tax Act (UStG) (value added tax option). As a result the value added tax at the statutory rate (currently 16%) must be paid by the Lessee in addition to the rent, ancillary costs and advance payments on ancillary costs (and on compensation for use after end of lease).
2.2 The Lessee is aware that the value-added tax option of the Lessor is only permitted under the conditions specified in Section 9 (2) German Turnover Tax Act (UStG). Section 9
Turnover tax. 3.2.1 The Client authorises PTA to charge VAT on the room rental and all other services and supplies. From the commencement date, the rental is subject to VAT in accordance with Article 11(1)(b)(5) of the Turnover Tax Act 1968 in conjunction with Article 6a of the Turnover Tax Implementation Decree.
3.2.2 The Client agrees to use the Rented Space for purposes for which the Client is entitled to deduct 90% or more of the VAT chargeable by PTA. The date of commencement of the taxed rental shall be the date of commencement of the Rental Agreement. For the purposes of this article, the Client's financial year will be deemed to run from 1 January to 31 December. The form in the Rental Agreement must be completed and signed for this purpose.
Turnover tax. 5.1 All sums mentioned in this agreement are exclusive of turnover tax. The lessee owes turnover tax over the charges for additional services and facilities. This also applies to the rent, if rent subject to turnover tax has been opted for. The turnover tax is invoiced by the lessor and must be paid at the same time as the rent and the charges for additional services and facilities, or advances on those charges.
5.2 The parties agree that the lessor will invoice turnover tax on the rent to the lessee.
5.3 If it has been agreed that turnover tax will invoiced additionally to the rent, the lessee grants the lessor and the lessor's legal successors by this present agreement an irrevocable power of attorney to submit a request (request opting for taxed rent) in the lessee's name according to article 11, paragraph 1 sub b, 5e of the "Wet op de Omzetbelasting 1968" (Dutch Turnover Tax Act 1968). If so requested, the lessee will sign and send the request back to the lessor within 14 days or receipt from the lessor for this purpose.
Turnover tax. If the Lessee is not (or no longer) using the leased property or have others use it for activities entitling to deduction of turnover tax and if the exception from the exemption to deduct turnover tax from the rent ends as a result, the Lessee will no longer owe turnover tax on the rent to the Lessor or its legal successor(s), but, as from the date such termination becomes effective, the Lessee owes a separate payment to the Lessor or its legal successor(s) in addition to the rent instead of turnover tax, which will compensate the Lessor in full for:
Turnover tax. If there is an obligation to pay turnover tax (perhaps due to an option) turnover tax shall be payable at the applicable statutory rate in addition to all payments to be made by the Lessee under this Agreement.
