VAT and Sales Tax. All amounts referred to in this Agreement are exclusive of value added tax ("VAT") or other applicable sales tax which, where chargeable by PressReader, shall be payable by Client at the rate and in the manner prescribed by law. They are also exclusive of any other applicable taxes, duties, imposts, levies and governmental charges of any kind (except for taxes exclusively attributable to PressReader’s income), which Client shall be additionally liable to pay to PressReader.
VAT and Sales Tax. 12.9.1 There are set out in the Disclosure Letter, with express reference to this paragraph, material particulars of:
(i) any land in which a Group Company has an interest and in relation to which an election has been made to waive exemption from VAT; and
(ii) any buildings or civil engineering works owned by any Group Company and completed within the last three years.
12.9.2 Other than as set out in the Disclosure Letter, no Group Company has at any time been, or been treated as, a member of a group for the purposes of VAT.
12.9.3 During the period in which any Group Company was a member of the Principal Seller VAT Group, the representative member of that VAT group, in all material respects, made, issued and kept up-to-date records, returns and invoices for the purposes of VATA 1994 in relation to transactions entered into by that Group Company, and was not in arrears with any payments or returns due and was not required to give security to HM Customs & Excise.
VAT and Sales Tax. All Payments, whether monetary or non-monetary are exclusive of VAT and sales Tax and their equivalents. Any Party receiving a supply in connection with the transactions contemplated by this Agreement hereby covenants that it will pay any such VAT or sales Tax correctly charged in addition to any amounts due under this Agreement or a Supply Agreement. Where the prevailing legislation requires a VAT or sales Tax reverse charge, then the receiving Party covenants that it shall correctly account for VAT and sales Tax in respect of the services received. The supplying Party agrees that it will provide a Tax invoice (or equivalent document), compliant with relevant legal and fiscal regulations, to support the charge to VAT or sales Tax. For the purposes of VAT, the services, rights and licenses provided by HUTCHMED under this Agreement shall be considered to be Taxed under by Art 44 of Council Directive 2006/112/EC or any equivalent provision in the country of performance if performed outside the European Union and as such will be considered to be Taxed for VAT and sales Taxes purposes in the country of the recipient. Any supply of goods in connection with the transactions contemplated by this Agreement shall be Taxed (where applicable) in accordance with the prevailing VAT or sales Tax legislation. All Parties agree that they will reasonably cooperate to ensure the use of any VAT or sales Tax exemptions, suspensions or other reliefs if applicable. In the event that the local competent Tax authority determines that VAT or sales Tax is chargeable, HUTCHMED in the first instance shall undertake in close cooperation with Company all reasonable steps to refuse any such assertions by the local Tax authority. Only once this process is completed should HUTCHMED provide valid Tax invoices for the additional VAT or sales Tax liability.
VAT and Sales Tax. All fees payable by you pursuant to this License Agreement are exclusive of VAT, sales tax or other applicable taxes which are also payable as applicable.
VAT and Sales Tax. The Company has duly collected all amounts on account of any sales transfer Taxes or VAT, including goods and services, harmonized sales and provincial or territorial sales Taxes, required by Law to be collected by it, and has duly and timely remitted to the appropriate Governmental Authority any such amounts required by Law to be remitted by it. The Company has not refunded or deducted any amount of VAT that it was not entitled to deduct or refund.
VAT and Sales Tax. The parties acknowledge that no value added tax, sales tax or similar taxes are payable in respect of any payments made by Ocera to UCL or by UCL to Ocera under this Agreement. In the event any such taxes become payable due to a change in the law, the parties shall promptly meet to discuss the change and shall cooperate in good-faith to determine how best to divide and structure payment between the parties so as to minimize the overall tax burden on each party, but in any event the parties agree that they shall not be entitled to derive a benefit from any such change in the law and shall pay any such taxes due and owing by the respective parties to the extent they are recoverable by the respective parties.
VAT and Sales Tax. The parties acknowledge that no value added tax, sales tax or similar taxes are payable in respect of any payments made by Ocera to UCL under this Agreement. In the event any such taxes become payable due to a change in the law, the parties shall promptly meet to discuss the change and shall cooperate in good-faith to determine how best to divide and structure payment between the parties so as to minimize the overall tax burden on each party, but in any event Ocera agrees that it shall not be entitled to derive a benefit from any such change in the law and shall pay any such taxes due and owing by Ocera to the extent they are recoverable by Ocera.
VAT and Sales Tax. You are responsible for any applicable tax including any VAT, sales or compensating use tax or equivalent tax wherever such taxes may arise on the hammer plus buyer’s premium. It is your responsibility to ascertain and pay all taxes due. Fortuna recommends you obtain your own independent tax advice. The successful bidder is responsible for any applicable taxes including any sales or use tax or equivalent tax wherever such taxes may arise on the Total Purchase Price. For lots Fortuna ships within the United States, a sales or use tax may be due on the Total Purchase Price, regardless of the nationality or citizenship of the successful bidder. Fortuna is currently required to collect sales tax for lots it ships to the following states: Georgia, Illinois, New Jersey, New York, Pennsylvania and Virginia. In accordance with New York law, if Fortuna arranges the shipment of a lot out of New York State, New York sales tax does not apply, although sales tax or other applicable taxes for other states may apply. If you hire a shipper (other than a common carrier per the New York Department of Taxation and Finance), to collect the lot from Fortuna, Fortuna must collect New York sales tax on the lot at a rate of 8.875% regardless of the ultimate destination of the lot. If Fortuna delivers the lot to, or the lot is collected by a service provider in New York that you have hired, New York law considers the lot delivered to the successful bidder in New York and New York sales tax must be imposed regardless of the ultimate destination of the lot. In this circumstance, New York sales tax will apply to the lot even if Fortuna or a common carrier (authorized by Fortuna that you hire) subsequently delivers the lot outside New York. Successful bidders claiming an exemption from sales tax must provide appropriate documentation to Fortuna prior to the release of the lot or within 90 days after the sale, whichever is earlier. For shipments to those states for which Fortuna is not required to collect sales tax, a successful bidder may have a use or similar tax obligation. It is the successful bidder’s responsibility to pay all taxes due. Fortuna recommends you consult your own independent tax advisor with any questions.
