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Current year assets and liabilities Sample Clauses

Current year assets and liabilities. A summary of current tax assets and liabilities is as follows: (Unaudited) 6/30/2021 (Audited) 12/31/2020 Current tax assets: Overseas remittance tax US$ 8 8 Withholdings 78 66 Bank guarantee 1,121 1,121 Total US$ 1,207 1,195 Current tax liabilities: Value added tax - VAT payable US$ 182 137 Withholdings payable 67 57 Total US$ 249 194 As of June 31, 2021 and December 31, 2020, Quiport has a bank guarantee for US$1,121 million granted by Produbanco in favor of the Internal Revenue Service with an expiration date of June 22, 2046, corresponding to 10% of the charges established by the challenge of the Determination Law No 17510-2018-00462, issued on January 9, 2019 by the Internal Revenue Service.
Current year assets and liabilities. A summary of current tax assets and liabilities is as follows: 30/6/2023 31/12/2022 Overseas remittance tax 8 8 Withholdings 77 75 Total US$ 85 83 Value Added Tax - VAT 365 271 Withholdings 95 110 Total US$ 460 381

Related to Current year assets and liabilities

  • Assumed Liabilities Subject to the terms and conditions set forth herein, and in reliance upon the representations and warranties contained herein, at the Closing, in consideration for the sale, assignment, conveyance, transfer and delivery of the Assets to Buyer, Buyer will assume and undertake to pay, perform and discharge, in accordance with the terms thereof, only the following Liabilities of the Company incurred in the ordinary course of business (the "Assumed Liabilities"): (a) express contractual performance obligations arising after the Effective Time (other than obligations relating to those Liabilities listed in clauses (a) through (r) of the definition of Retained Liabilities) of the Company arising under Contracts that constitute Assets (it being understood and agreed that, except as provided in clause (c) of this Section 3.1, Assumed Liabilities described in this clause (a) will exclude any amounts due or payable as of the Effective Time under or in respect of Contracts that constitute Assets); (b) Liabilities expressly assumed by Buyer pursuant to Article X; and (c) Liabilities (other than those Liabilities listed in clauses (a) through (r) of the definition of Retained Liabilities) which are not included in clause (a) or (b) of this Section 3.1, but only to the extent and in the amounts provided for on the Final Closing Statement. The parties understand and agree that the Liabilities to be assumed under this Section 3.1(c) shall be such Liabilities to the extent and in the amounts provided for on the Estimated Closing Statement pending the determination of the Final Closing Statement and that Buyer shall treat such Liabilities shown on the Estimated Closing Statement as Liabilities assumed by Buyer pending the determination of the Final Closing Statement. Buyer will assume no other Liabilities whatsoever.

  • Liabilities If this Agreement is terminated pursuant to this Section, such termination shall be without liability of any party to any other party except as provided in Section 4 hereof, and provided further that Sections 1, 6, 7 and 8 shall survive such termination and remain in full force and effect.