Common use of WHT Clause in Contracts

WHT. The Parties acknowledge and agree that if non-resident withholding tax is applicable as prescribed by law in any relevant territory, the invoiced Party may deduct the applicable withholding tax from the amounts reflected in the relevant Order Forms and remit the same tax withheld to the appropriate tax authorities. The withholding tax rate to be applied by the invoiced Party shall be the lowest withholding tax rate prescribed by law in the relevant territory or by any applicable tax treaty or treaties. The invoiced Party will promptly provide the invoicing Party with an appropriate withholding tax certificate or appropriate evidence of payment to the tax authorities in connection with the invoiced Party’s payment of any applicable invoice.