DUTCH TAX LEGISLATION Sample Clauses

DUTCH TAX LEGISLATION. 8.1. The Dutch Tax Authorities are of the opinion that SBC supplies a VAT taxable service to startups that participate in the program. The issue of shares in the share capital of the Company to SBC is considered as a remuneration and payment for the provided services by SBC.
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DUTCH TAX LEGISLATION. 8.1. The Dutch Tax Authorities are of the opinion that SBC supplies a VAT taxable service to startups (only those who are organized under Dutch law) that participate in the Program. Therefore, SBC shall issue an invoice to the Company in the amount of EUR 13,000 (excl. VAT) for tax purposes only. Of this invoice only the VAT has to be paid by the Company to SBC, which may be reclaimed from the Dutch Tax Authorities by the Company. Therefore, this will not lead to any net cash outs for the Company. The issue of Shares to SBC is considered as payment for the services provided and the invoice sent by SBC. The Company agrees to submit the invoice to the Dutch Tax Authorities in the same quarter that SBC has issued the invoice to the Company. SBC will provide detailed instructions regarding this tax procedure at the start of the program.
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DUTCH TAX LEGISLATION. 8.1. The Dutch Tax Authorities are of the opinion that SBC supplies a VAT taxable service to startups that participate in the program. The transfer of all shares in the share capital of the Company to SBC is considered as a remuneration and payment for the provided services by SBC. ­DRAFT AGREEMENT­ v11012016 Please note the form of documents attached to this email are non­negotiable (excluding any non­substantive changes needed for localization). ­DRAFT AGREEMENT­
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Related to DUTCH TAX LEGISLATION

  • Applicable Legislation If and to the extent that any provision of this Agreement limits, qualifies or conflicts with a mandatory requirement of Applicable Legislation, the mandatory requirement will prevail. The Corporation and the Subscription Receipt Agent each will at all times in relation to this Agreement and any action to be taken hereunder observe and comply with and be entitled to the benefits of Applicable Legislation.

  • Future Legislation In the event that any future legislation renders null and void or materially alters any provision of this Agreement, the remaining provisions shall remain in effect for the term of the Agreement, and the parties hereto shall negotiate a mutually agreeable provision to be substituted for the provision so rendered null and void or materially altered.

  • Data Protection Legislation the UK Data Protection Legislation and any other European Union legislation relating to personal data and all other legislation and regulatory requirements in force from time to time which apply to a party relating to the use of Personal Data (including, without limitation, the privacy of electronic communications) and the guidance and codes of practice issued by the Information Commissioner or relevant government department in relation to such legislation.

  • Superannuation legislation The subject of superannuation is dealt with extensively by federal legislation including the Superannuation Guarantee (Administration) Act 1992, The Superannuation Guarantee Charge Act 1992, the Superannuation Industry (Supervision) Act 1993, and the Superannuation (Resolution of Complaints) Act 1993. This legislation, as varied from time to time, shall govern the superannuation rights and obligations of the parties.

  • PROCEEDS OF CRIME LEGISLATION The Depositor acknowledges that the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and Regulations apply to the operation of the Account and that the Financial Institution will, from time to time, request information from the Depositor to address the reporting, record-keeping, client identification, and ongoing monitoring requirements of that legislation. The Depositor agrees to abide by and comply with all such requests.

  • Impact of Legislation (a) The parties recognize and agree that they cannot be obligated or bound by any term, condition or provision, which would be contrary to any existing federal or provincial legislation or regulations passed pursuant thereto. In the event that any term, condition or provision, or part thereof, which is incorporated into this Agreement, whether by inadvertence, error or misunderstanding, is in fact or in law contrary to such federal or provincial legislation or regulation, then such term, condition or provision or part thereof, is void and of no effect.

  • Implementation Legislation The Contracting Parties shall enact any legislation necessary to comply with, and give effect to, the terms of the Agreement.

  • GOVERNMENT LEGISLATION 19.01 In the event that any of the provisions of this Agreement are found to be in conflict with any valid and applicable federal or provincial law now existing or hereinafter enacted, it is agreed that such law shall supersede the conflicting provision, without in any way affecting the remainder of the Agreement.

  • Agricultural Export Subsidies 1. The Parties share the objective of the multilateral elimination of export subsidies for agricultural goods and shall work together toward an agreement in the World Trade Organization to eliminate those subsidies and prevent their reintroduction in any form.

  • Legislation Any reference in this Agreement to any legislation (whether primary legislation or regulations or other subsidiary legislation made pursuant to primary legislation) shall be construed as a reference to such legislation as the same may have been, or may from time to time be, amended or re-enacted.

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