Transactional Taxes. All amounts due under this Agreement are exclusive of any sales, use, goods and services or VAT which may be imposed by any governmental authority in connection with the Services provided by EULAR to Company hereunder (collectively the “Transactional Taxes”). Any applicable Transactional Taxes for which the liability belongs to EULAR will be charged to Company in addition to the Fee due under this Agreement. Company shall pay to EULAR and EULAR shall remit to the relevant government authority such Transactional Taxes. Company acknowledges that it might have to pay VAT directly to the Austrian tax authorities (reverse charge system, art.19 para. 1 Austrian VAT act). Company undertakes to pay such VAT as requested by the tax authorities and shall indemnify EULAR if it fails to do so.
Appears in 2 contracts
Sources: Investment Opportunities Agreement, Investment Opportunities Agreement