Value Added Tax Act Sample Clauses

The Value Added Tax Act clause establishes the rules and obligations regarding the application, collection, and payment of value added tax (VAT) in transactions covered by the agreement. It typically specifies which party is responsible for charging and remitting VAT, how VAT should be calculated on invoices, and addresses the treatment of VAT in cross-border transactions or exemptions. This clause ensures compliance with tax laws, clarifies financial responsibilities between parties, and helps prevent disputes related to the handling of VAT.
Value Added Tax Act. Act No. 235/2004 Coll., on the Value Added Tax, as amended,
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Value Added Tax Act. In the case of international guest lecturers, the university will ascertain whether or not the guest lecture is subject to VAT. If the lecture of guest lecturers working or living abroad is not tax-exempt, the university will pay the VAT (§ 13b Value Added Tax Act).
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Value Added Tax Act. Act No. 235/2004 Coll., on the Value Added Tax, as amended. b) Terms other than those listed above used in this Agreement are interpreted pursuant to the provisions of the Energy Act, the Market Rules and other legal regulations.
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Value Added Tax Act. Purchase Price shall be increased by VAT, which the Supplier will have to pay or declare in any form according to the Value-Added Tax Act, in the wording in effect on the day of taxable supplies. The Purchase Price already includes all the possible taxes and fees that the Supplier may have to pay or declare in any form under any applicable foreign laws.
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Value Added Tax Act. Exempt Persons shall be exempted from any value added tax imposed on Exempted Services, Works, or Goods upon applying to the Internal Revenue Board for refund of the value added tax paid for the Exempted Services, Works, or Goods. In accordance with Section 2.4(c), refund of the value added tax shall be made within 30 days (or such other period as may be agreed in writing by the Parties) after the Government is notified in writing that such Tax has been paid.
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Value Added Tax Act the sense of the provisions of Section 106a of the Value- lier - - il bank account, the obligation of the Rep If the Supplier breaches its obligations listed in the preceding paragraphs of this the -
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Related to Value Added Tax Act

  • Value Added Tax (VAT Where appropriate, VAT will be added to the fees or charges on your selected unit trust portfolio.

  • Value Added Tax (a) All amounts set out, or expressed to be payable under a Finance Document by any Party to a Finance Party which (in whole or in part) constitute the consideration for VAT purposes shall be deemed to be exclusive of any VAT which is chargeable on such supply, and accordingly, subject to paragraph (c) below, if VAT is chargeable on any supply made by any Finance Party to any Party under a Finance Document, that Party shall pay to the Finance Party (in addition to and at the same time as paying the consideration) an amount equal to the amount of the VAT (and such Finance Party shall promptly provide an appropriate VAT invoice to such Party). (b) If VAT is chargeable on any supply made by any Finance Party (the “Supplier”) to any other Finance Party (the “Recipient”) under a Finance Document, and any Party (the “Relevant Party”) is required by the terms of any Finance Document to pay an amount equal to the consideration for such supply to the Supplier (rather than being required to reimburse the Recipient in respect of that consideration), such Party shall also pay to the Supplier (in addition to and at the same time as paying such amount) an amount equal to the amount of such VAT. The Recipient will promptly pay to the Relevant Party an amount equal to any credit or repayment from the relevant tax authority which it reasonably determines relates to the VAT chargeable on that supply. (c) Where a Finance Document requires any Party to reimburse a Finance Party for any costs or expenses, that Party shall also at the same time pay and indemnify the Finance Party against all VAT incurred by the Finance Party in respect of the costs or expenses to the extent that the Finance Party reasonably determines that neither it nor any other member of any group of which it is a member for VAT purposes is entitled to credit or repayment from the relevant tax authority in respect of the VAT.

  • Value Added Taxes The Rent and other amounts payable by LESSEE under this Lease are exclusive of any value added tax, turnover tax or similar tax or duty.

  • VAT (i) All amounts expressed to be payable under any Loan Document by any Loan Party to a Finance Party which (in whole or in part) constitute the consideration for any supply for VAT purposes are deemed to be exclusive of any VAT which is chargeable on that supply, and accordingly, subject to Section 3.01(i)(ii) below, if VAT is or becomes chargeable on any supply made by any Finance Party to any Loan Party under any Loan Document and such Finance Party is required to account to the relevant tax authority for the VAT, that Loan Party must pay to such Finance Party (in addition to and at the same time as paying any other consideration for such supply) an amount equal to the amount of the VAT (and such Finance Party must promptly provide an appropriate VAT invoice to that Loan Party). (ii) If VAT is or becomes chargeable on any supply made by any Finance Party (the “Supplier”) to any other Finance Party (the “VAT Recipient”) under any Loan Document, and any Loan Party (the “Relevant Party”) is required by the terms of any Loan Document to pay an amount equal to the consideration for that supply to the Supplier (rather than being required to reimburse or indemnify the VAT Recipient in respect of that consideration): (A) (where the Supplier is the person required to account to the relevant tax authority for the VAT) the Relevant Party must also pay to the Supplier (at the same time as paying that amount) an additional amount equal to the amount of the VAT. The VAT Recipient must (where this subclause (A) applies) promptly pay to the Relevant Party an amount equal to any credit or repayment the VAT Recipient receives from the relevant tax authority which the VAT Recipient reasonably determines relates to the VAT chargeable on that supply; and (B) (where the VAT Recipient is the person required to account to the relevant tax authority for the VAT) the Relevant Party must promptly, following demand from the VAT Recipient, pay to the VAT Recipient an amount equal to the VAT chargeable on that supply but only to the extent that the VAT Recipient reasonably determines that it is not entitled to credit or repayment from the relevant tax authority in respect of that VAT. (iii) Where a Loan Document requires any Loan Party to reimburse or indemnify a Finance Party for any cost or expense, that Loan Party shall reimburse or indemnify (as the case may be) such Finance Party for the full amount of such cost or expense, including such part thereof as represents VAT, save to the extent that such Finance Party is entitled to credit or repayment in respect of such VAT from the relevant tax authority. (iv) Any reference in this Section 3.01(i) to any Loan Party shall, at any time when such Loan Party is treated as a member of a group (including but not limited to any fiscal unities) for VAT purposes, include (where appropriate and unless the context otherwise requires) a reference to the person who is treated as making the supply, or (as appropriate) receiving the supply under the grouping rules. (v) In relation to any supply made by a Finance Party to any Loan Party under a Loan Document, if reasonably requested by such Finance Party, that Loan Party must promptly provide such Finance Party with details of that Loan Party’s VAT registration and such other information as is reasonably requested in connection with such Finance Party’s VAT reporting requirements in relation to such supply.