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What would happen, if Govt. Duty and Taxes increase in between contract awarded and contract implementing period?

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Question added by Prun Zway , Asst. Manager , SIEMENS BANGLADESH
Date Posted: 2014/06/15
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by Deleted user

Taxes , levy and duties are always on the variable side. In Almost all contracts it states that taxes will be applicable as per prevailing rates and jurisdiction . As per contract normally it is paid by client, if client don't agree then raise a internal memo take burden your side, committed work has to be done