Applicable Taxes Charge Sample Clauses
The Applicable Taxes Charge clause defines the responsibility for paying any taxes that arise in connection with the agreement. Typically, this clause specifies which party is liable for taxes such as sales tax, value-added tax (VAT), or other government-imposed charges related to the goods or services provided. For example, it may state that the buyer must pay all applicable sales taxes in addition to the purchase price. The core function of this clause is to allocate tax liability clearly between the parties, preventing disputes and ensuring compliance with tax laws.
Applicable Taxes Charge. A charge representing reimbursement to the Company for all applicable taxes, including but not limited to the Gross Receipts Tax the Company is required to pay as a result of the delivery of the energy and capacity associated with its Customer’s Existing and Additional Allocation(s) of Expansion Power to the Expansion Power Customer.