Common use of APPLICABLE TAX Clause in Contracts

APPLICABLE TAX. In the event that any sales and services tax, value added tax or any similar tax and any other duties, taxes, levies or imposts (collectively “Applicable Tax”) whatsoever are introduced by any authority and are payable under the laws of Malaysia in connection with any supply of goods and/or services made or deemed to be made under this Supplementary Contract, We will be entitled to charge any Applicable Tax as allowed by the laws of Malaysia. Such Applicable Tax payable shall be paid in addition to the applicable premiums and other charges. All provisions in this Supplementary Contract on payment of premiums and default hereof shall apply equally to the Applicable Tax.

APPLICABLE TAX. In the event that any sales and services tax, value added tax or any similar tax and any other duties, taxes, levies or imposts (collectively “Applicable Tax”) whatsoever are introduced by any authority and are payable under the laws of Malaysia in connection with any supply of goods and/or services made or deemed to be made under this Supplementary ContractPolicy, We will be entitled to charge any Applicable Tax as allowed by the laws of Malaysia. Such Applicable Tax payable shall be paid in addition to the applicable premiums and other charges. All provisions in this Supplementary Contract Policy on payment of premiums and default hereof shall apply equally to the Applicable Tax.