Common use of TAX COLLECTION Clause in Contracts

TAX COLLECTION. Customer knows, understands and agrees that, in general, GFX does not collect tax for any authority in any form or manner. Without limiting the foregoing, it is Customer's obligation alone to calculate and pay all taxes applicable to you in Customer's country of residence, or otherwise arising as a result of Customer's trading activity from the use of the GFX's services. Without derogating from Customer's sole and entire responsibility to perform tax payments, Customer agrees that GFX may deduct tax, as may be required by the applicable law, but is not obligated to do so, from the results of the activity with GFX. Customer is aware that amounts that may be withdrawn by Customer from Customer’s account are "gross amounts", from which the GFX may deduct such taxes, and that Customer shall have no claim towards GFX with regard to such deductions.

Appears in 4 contracts

Samples: gfx-i.com, gfx-i.net, gfx-i.com

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