Value Added Tax (VAT. Where appropriate, VAT will be added to the fees or charges on your investment.
Value Added Tax (VAT. 6.1 The parties agree that the following circumstances are present and applicable to the sale:
6.1.1 The parties agree that the business is sold as a going concern in terms of Section 11(1)(e) of the VAT Act 89 of 1991.
6.1.2 Both the Purchaser and the Seller are registered for Value Added Tax in terms of the VAT Act at the date of signature of this agreement.
6.1.3 The business hereby sold will be an income earning activity on the date of transfer.
6.1.4 The business is capable of separate operation and all the assets necessary for the carrying on of the business as a separate income earning activity, are disposed of by the Seller to the Purchaser and the parties agree that the consideration agreed upon is inclusive of VAT at the rate of 0% (zero percent).
6.2 If, for any reason whatsoever, the Commissioner rules that the sale of the business is not zero- rated for VAT purposes (“the Commissioner’s ruling”) –
6.2.1 the Purchaser shall, in addition to the purchase consideration, be liable to pay to the Seller such VAT as the Commissioner may levy in respect of the sale of the business;
6.2.2 the Purchaser shall pay the aforesaid VAT to the Sellers as and when the Seller is required to account for that VAT to the Commissioner, and the Seller will have a claim against the Purchaser for the amount of VAT to be paid to the Commissioner;
6.2.3 the Purchaser shall be entitled, in the name of the Seller, to take all and any such steps as may be reasonably necessary in order to dispute the Commissioner’s ruling, and the Seller shall give to the Purchaser all such reasonable assistance as the Purchaser may require from the Seller in this regard;
6.2.4 the parties record that if the Purchaser exercises its right to object to and to contest the Commissioner’s ruling and if the Commissioner nevertheless requires that the VAT which he has levied in respect of the sale of the business should be paid to him immediately, the Purchaser shall pay such VAT to the Seller in accordance with 6.2.2 above; and
6.2.5 if the Purchaser pays the VAT in question to the Commissioner and if the Seller thereafter recover that VAT or a portion thereof as a result of the steps taken by the Purchaser in contesting the Commissioner’s ruling, the Seller shall refund the amount recovered by it to the Purchaser within 2 (two) business days after the Seller so recovered the VAT or the relevant portion thereof.
Value Added Tax (VAT. You acknowledge that VAT may be payable on some of our services and that where VAT is payable that this is in addition to the amount we have agreed with you for the payment of our services. We will tell you when VAT is applicable and the amount of this VAT.
Value Added Tax (VAT. When applicable, SAE is required to charge VAT to all exhibiting companies, except for any exhibiting companies who are themselves VAT registered in the country hosting the event and who are able to prove this to the satisfaction of SAE. The appropriate percentage rate of VAT will therefore be added at the checkout in addition to the net exhibit fees stated and will be payable to SAE at the same time. If you are a business entity, you may be eligible to obtain a refund of this VAT from the European country’s government by submitting a valid claim under the 13th Directive (non-EU business entity) or under the Refund Directive (EU business entity not VAT registered) within the statutory deadline. Further information can be obtained from the local tax authorities.
Value Added Tax (VAT. First, be sure to apply to be registered for VAT before this agreement is signed, so that ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . The paragraph refers to Section 49 . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ :
Value Added Tax (VAT. We add VAT, at the rate that applies when the work is done, to the total of the Basic Charges and Success Fee and, when applicable, Disbursements. Wherever we refer in this agreement to any of those they include relevant VAT on them.
Value Added Tax (VAT. Unless specifically stated otherwise, prices and rates shown in quotations, contracts, invoices, certificates and correspondence are net exclusive of VAT. which will be payable to the Supplier as an addition to the rates chargeable at the rates laid down from time to time by Law. The Supplier shall be entitled to adjust the rates and amount of VAT retrospectively or otherwise comply with any rulings made by H.M. Customs and Excise affecting any goods sold, hired or provided by the Supplier. For the purposes of section 55a VAT Act 1994 reverse charge for building & construction services, all Domestic Hirers will be deemed as end users and will be charged VAT at the prevailing rate, unless the Hirer advises in writing that they are intermediary suppliers. All Commercial Hirers will be deemed as intermediary suppliers and will pay VAT directly to HMRC and account for reverse charge VAT to HMRC, unless the Hirer advises in writing that they are end users.
Value Added Tax (VAT. There will be no VAT charged to the BID Levy Payer and the cost of collection and enforcement of the BID Xxxx is outside the scope of the VAT.
Value Added Tax (VAT. The Government will not reimburse the Contractor for VAT under this contract. The Contractor shall not include a line for VAT on Invoices as the U.S. Embassy has a tax exemption certificate with the host government.
Value Added Tax (VAT. (a) The amounts payable by the Customer to Deswik for, or in connection with, any Supply under this Agreement do not include any VAT.
(b) The Customer must pay Deswik an additional amount on account of VAT equal to the amounts payable by the Customer for the Supply multiplied by the prevailing VAT rate.
(c) Subject to clause 7.6(d), the additional amount on account of VAT is payable at the same time and in the same manner as the amounts payable by the Customer are required to be paid to Deswik.
(d) The Customer is not required to pay the additional amount on account of VAT until Deswik has provided the Customer with a tax invoice which is in an approved form for VAT purposes.
(e) To the extent that the amounts for the Supply consist of the reimbursement or indemnity for any liabilities, costs or expenses incurred by Deswik, in this Agreement the amount of those liabilities, costs or expenses are deemed to be net of any refund or input tax credit of VAT to which Deswik is entitled as a result of incurring the liability, cost or expense.
