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Talk:Taxes - GMSLA Provision: Difference between revisions
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12.1 Withholding, gross-up and provision of information: All payments under this Agreement shall be made without any deduction or withholding for or on account of any Tax unless such deduction or withholding is required by any Applicable Law. 12.2 Except as otherwise agreed, if the paying Party is so required to deduct or withhold, then that Party (Payer) shall: | 12.1 Withholding, gross-up and provision of information: All payments under this Agreement shall be made without any deduction or withholding for or on account of any Tax unless such deduction or withholding is required by any Applicable Law. | ||
12.2 Except as otherwise agreed, if the paying Party is so required to deduct or withhold, then that Party (Payer) shall: | |||
12.2(a) promptly notify the other Party (Recipient) of such requirement; | 12.2(a) promptly notify the other Party (Recipient) of such requirement; | ||
12.2(b) pay or otherwise account for the full amount required to be deducted or withheld to the relevant authority; | 12.2(b) pay or otherwise account for the full amount required to be deducted or withheld to the relevant authority; | ||