Common use of Tax Declarations Clause in Contracts

Tax Declarations. The sale shall be concluded at a principal price of 500,000 francs excluding new goods (the "Purchase Price"). Pursuant to Article 719 of the General Tax Code, the present sale is subject to registration fees of 4.8% applicable to the portion of the Purchase Price exceeding 150,000 francs. Pursuant to Article 723 of the General Tax Code, the sale of new goods is subject to Value Added Tax. However, the Purchaser has indicated to the Vendor that a portion of the new goods will be delivered in France and another portion exported to Liechtenstein. The following tax scheme will apply: - Up to the portion of the price relating to the goods to be delivered in France, i.e., FRF 217,739, the sale will be subject to Value Added Tax; - Up to the portion of the price relating to the goods to be exported in Liechtenstein, i.e., FRF 42,744, the sale will be exempt of Value Added Tax pursuant to the provisions of Article 262 I 1(degree) of the General Tax Code. The parties agree that the Purchaser will bear the Value Added Tax levied upon the sale of new goods under this Agreement. In view of the possible tax levy on the capital gain he may realize at the time of the future sale, the Vendor states that his domicile is that specified in the heading of this Agreement. Furthermore, the Vendor agrees to file, in the allotted time, the various statements required by the tax administration, and specifically, those set forth in Articles 201-1, 229 A, 235 ter J, 89 and 286-1 of the General Tax Code.

Tax Declarations. The sale shall be concluded at a principal price of 500,000 200,000 francs excluding new goods (the "Purchase Price"). Pursuant to Article 719 of the General Tax Code, the present sale is subject to registration fees of 4.8% applicable to the portion of the Purchase Price exceeding 150,000 francs. Pursuant to Article 723 of the General Tax Code, the sale of new goods is subject to Value Added Tax. However, the Purchaser has indicated to the Vendor that a portion of the new goods will be delivered in France and another portion exported to Liechtensteindelivered in Germany. The following tax scheme will apply: - Up to the portion of the price relating to the goods to be delivered in France, i.e., FRF 217,739250,890, the sale will be subject to Value Added Tax; - Up to the portion of the price relating to the goods to be exported in Liechtensteindelivered to Germany, i.e., FRF 42,74439,510, the sale will be exempt of Value Added Tax pursuant to the provisions of Article 262 I 1(degree) of the General Tax Code. The parties agree that the Purchaser will bear the Value Added Tax levied upon the sale of new goods under this Agreement. In view of the possible tax levy on the capital gain he may realize at the time of the future sale, the Vendor states that his domicile is that specified in the heading of this Agreement. Furthermore, the Vendor agrees to file, in the allotted time, the various statements required by the tax administration, and specifically, those set forth in Articles 201-1, 229 A, 235 ter J, 89 and 286-1 of the General Tax Code.