VAT Exemption Clause Samples

VAT Exemption. Depending on the Project’s Specific Cooperation Agreement under which the services are delivered, Enabel may be (yes or no) exempt from paying local VAT for the services obtained. For Belgian VAT, the place of service delivery is determining.

VAT Exemption. The VAT exemption process remained a significant challenge. During the reporting period, most submitted VAT exemption requests were significantly delayed before receiving responses from the government. Time devoted to processing exemptions continues to increase. The government decision to limit VAT exemption processing to 20 days has not materialized. The outbreak of COVID-19 contributed to the extended timeframe for processing VAT exemption requests.

VAT Exemption certificate The Order Forms shall include a VAT exemption certificate based upon the example set out at Annex E.

VAT Exemption. The Company is not nor was partially exempt in its current or preceding value added tax year and there are no circumstances by reason of which the Company might not be entitled to credit for all value added tax chargeable on supplies received and imports or acquisitions of goods made (or agreed or deemed to be received or made) by it since the beginning of its earliest value added tax year to include a period since March 31, 1998, and there are no circumstances by reason of which Regulation 107 Value Added Tax Regulations 1995 might apply (or has since March 31, 1998 applied) to the Company.

VAT Exemption. Rates and prices under this Country Contract do not include any value added tax (“VAT”), turnover taxes, transaction taxes, use taxes, production taxes, consumption taxes, stamp taxes, nor any other taxes of similar nature assessed on supplies, equipment and services to be delivered to Operator or performed under this Country Contract. Contractor shall separately state any value-added tax or similar tax in its invoice; however, Contractor shall not invoice Operator for any such tax where Operator has furnished evidence of exemption status to Contractor.

VAT Exemption. The Parties state that this assignment transaction is strictly financial in nature and, although it is considered subject to VAT, it is exempt from the aforementioned tax and, thus, because it is subject to VAT it is not subject to Transfer Tax.

VAT Exemption. It is the responsibility of the Contracting Authority to request VAT exemption from the competent authority. VAT will be paid according to the rules agreed between the Governemt Montenegro and the European Union. The Contractor shall invoice the Contracting Authority according to the following schedule: Finalization of the Task 1 and Task 2 – Deliverable 1: 20% Finalization of the Task 3 - Deliverable 2 and 3: 30% Finalization of the Task 4 - Deliverable 4: 10% Finalization of the Task 4 - Deliverable 5: 40% All invoices will be accompanied by the relevant supporting documents indicated above. Fees shall be paid only for the specific services included in the approved budget. Invoices will be paid within 30 days by the Contracting Authority after approval of the received deliverables. Payments will be done on the bank account of the Contractor indicated in the financial identification form under Annex 2. The performance guarantee is equal to 10% of the value of the contract. The performance guarantee shall be held against payment to the Contracting Authority for any loss resulting from the Contractor's failure to fully and properly perform his obligations under the contract. The performance guarantee shall be prepared according to the template included in Annex 1 to this contract.

VAT Exemption. Prices must be quoted free of all duties, taxes and other charges, including VAT, as the GSA is exempt from it, pursuant to Articles 3 and 4 of the Protocol on the privileges and immunities of the European Communities.