SELLER RESPONSIBLE FOR TAXES AND RECORDS. Seller shall be liable for any applicable income taxes, levies, duties, costs, charges, withholdings, deductions or any charges of equivalent effect imposed on, or in respect of the Products provided by Seller to RMG under this Agreement. Where any relevant taxation authority imposes any income tax on the payment for Products and requires RMG to withhold such tax (“Withholding Tax”), RMG may deduct such Withholding Tax from the payment to Seller and remit such Withholding Tax to the relevant taxing authority on behalf of Seller. The determination of the applicability of a Withholding Tax is at RMG’s sole discretion. In the event a reduced Withholding Tax rate may apply on payments to Seller, Seller shall furnish to RMG as soon as practicable all documentation necessary to evidence the qualifications for the reduced rate of Withholding Tax. If the necessary documentation is not provided in a timely fashion before payment, the reduced Withholding Tax rate will not apply and any payments to Seller shall be subject to the full rate of Withholding Tax. Upon reasonable request by Seller, RMG shall furnish Seller with tax receipts or other documentation evidencing the payment of such Withholding Tax when available. Seller shall be solely responsible for filing the appropriate tax forms and paying all taxes or fees, including estimated taxes and employment taxes, due with respect to Seller's receipt of payment under this Agreement. Upon request, Seller shall provide RMG with any other necessary tax documentation. Seller further agrees to provide RMG with reasonable assistance in the event of a government audit.
Appears in 4 contracts
Samples: Purchase Agreement, Retail Management Glocal, Purchase Agreement
