Examples of VATA in a sentence
The Seller shall immediately notify the Buyer, a recipient of the taxable performance, within 2 working days of its becoming aware of its insolvency at the latest, or of issuing a decision by a tax administrator, that the Seller is an unreliable payer pursuant to Section 106a of Act No. 235/2004 Coll., Value Added Tax, as amended (hereinafter "VATA").
The Seller undertakes that the bank account specified by it for payment of any obligation of the Buyer based on this Contract will be posted from the date of this Contract signing to termination of its term in the way enabling remote access in the meaning of Section 98 VATA, otherwise the Seller is obligated to notify another bank account to the Buyer, made duly public in the meaning of Section 98.
In the case the Seller is recorded by the tax administrator as an unreliable tax payer in the meaning of Section 106a VATA, the Seller undertakes to immediately notify this to the Buyer along with the date on which this circumstance arose.