WHT. Notwithstanding any other provision of this Agreement, if the Buyer determines that it is required under Subdivision 14-D of Schedule 1 of the TAA to withhold and pay any amount (“Withholding Amount”) to the Commissioner of Taxation in respect of the acquisition of Shares pursuant to this Agreement, the Buyer is permitted to deduct the Withholding Amount from the relevant payment to the Seller and remit such amount to the Commissioner of Taxation. The aggregate sum payable to Seller must not be increased to reflect the deduction of the Withholding Amount and the net aggregate sum payable to the Seller will be taken to be in full and final satisfaction of the amounts owing to the Seller.
WHT. The Company will maintain the right to deduct or withhold any withholding taxes (WHT) from any amounts payable to PSP under this Agreement, and payment to PSP as reduced by such deductions or withholdings will constitute full payment and settlement to PSP of such amounts. Where the Company is required to deduct or withhold any WHT or other charges imposed by the Company’s taxing jurisdiction from any amounts payable to PSP under this Agreement, the Company shall promptly upon becoming aware of such tax payments inform PSP accordingly. Within 90 days after the date upon which the payment hereunder was due, the Company shall supply PSP the original receipt, duplicate original, or a duly certified or authenticated copy of such original receipt evidencing tax payments deducted.
WHT. The Parties acknowledge and agree that if non-resident withholding tax is applicable as prescribed by law in any relevant territory, the invoiced Party may deduct the applicable withholding tax from the amounts reflected in the relevant Order Forms and remit the same tax withheld to the appropriate tax authorities. The withholding tax rate to be applied by the invoiced Party shall be the lowest withholding tax rate prescribed by law in the relevant territory or by any applicable tax treaty or treaties. The invoiced Party will promptly provide the invoicing Party with an appropriate withholding tax certificate or appropriate evidence of payment to the tax authorities in connection with the invoiced Party’s payment of any applicable invoice.
