Common use of Tax Responsibility Clause in Contracts

Tax Responsibility. Participant will be liable for all taxes relating to its investments and other business activity related to this Agreement, including with respect to any Digital Assets or any transactions related thereto. Subject to compliance by Participant with its obligations under the preceding paragraph, Zero Hash may withhold (or cause to be withheld) the amount of any tax which is required to be withheld under applicable law. Zero Hash is not liable for any tax obligations relating to Participant. Participant agrees that Zero Hash is not, and will not be deemed to be, providing tax advice or tax counsel. The term "tax" or "taxes" means any withholding or capital gains tax, stamp duty, levy, impost, charge, assessment, deduction or related liability, including any addition to tax, penalty or interest imposed on or in respect of (a) any Digital Assets, (b) the transactions effected under this Agreement, or (c) Participant.