Definition of Taxes and Duties


Taxes and Duties means any and all taxes, levies, imposts, duties, charges, assessments or fees of any nature, including income tax, corporation tax or other taxes, that may be imposed by any government or taxing authority in connection with this Agreement.

Examples of Taxes and Duties in a sentence

Taxes and Duties outside Korea: BUYER shall bear and pay all taxes and duties levied or imposed upon BUYER outside Korea in connection with execution and/or performance of this CONTRACT except for any taxes and duties imposed upon those items or services to be procured by BUILDER for construction of the DRILLSHIP.
The following Articles shall survive the completion, expiration or termination of this Contract: Article 4 (Taxes and Duties); Article 6 (Payment); Article 13 (Disclosure and Use of Information by the Parties); Article 14 (Rights in Intellectual Property); Article 15 (Patent and Intellectual Property Indemnity); Article 17 (Limitation of Liability); Article 18 (Indemnification); Article 23 (Applicable Law and Arbitration); Article 32 (Maintenance after Warranty); and this Article 27 (Surviving Articles).
Taxes and Duties outside the country of the Builder The Buyer shall bear and pay all taxes and duties imposed outside the country of the Builder in connection with the execution and/or performance of the Contract, except for taxes and duties imposed upon those items to be procured by the Builder for construction of the Vessel.
Taxes and Duties All taxes and duties in connection with the execution of this Contract shall be paid as follows: 1.
Taxes and Duties in Korea: BUILDER shall bear and pay all taxes and duties levied or imposed in Korea in connection with the execution and/or performance of this CONTRACT, except any taxes and duties imposed in Korea upon BUYER'S SUPPLIES or upon the activities or personal incomes of BUYER's employees and agents (including the REPRESENTATIVES and representatives of the manufacturers of BUYER'S SUPPLIES).