Common use of Tax commitments Clause in Contracts

Tax commitments. It should be noted that the two UCIs in question are exempt from corporation tax pursuant to Article 208-1 A bis of the Xxxxxx Xxxxxxx Tax Code. They will therefore place this merger under the tax regime provided for in Articles 115 A, 210 A to 000 X, 000 and 832 of the Xxxxxx Xxxxxxx Tax Code. In accordance with the regulations in force, on the date this merger agreement was entered into, the tax regime governing natural persons and legal entities would be as follows: Taxation applicable to natural persons resident in France – excluding shares held in an equity savings plan (plan d'épargne en actions or PEA): Shareholders or unitholders – natural persons resident in France – benefit from the tax deferral regime: The exchange does not form part of the capital gains calculation for income tax purposes in respect of the year of the exchange. The realised capital gain or loss is calculated only when the securities received at the exchange are sold or redeemed later by reference to the cost price of the shares or units of the Absorbed Fund. Taxation of resident corporate entities: Shareholders – legal entities subject to corporation tax or legal entities subject to income tax if taxed under a BIC (Bénéfices Industriels et Commerciaux) or BA (Bénéfices Agricole) regime – of the Absorbed Fund who make a loss or profit on the exchange transaction must report this under the provisions of Article 38-5 bis.

Tax commitments. It should be noted that the two UCIs in question are exempt from corporation tax pursuant to Article 208-1 A bis of the Xxxxxx Xxxxxxx Tax Code. They will therefore place this merger under the tax regime provided for in Articles 115 A, 210 A to 000 X, 000 and 832 of the Xxxxxx Xxxxxxx Tax Code. In accordance with the regulations in force, on the date this merger agreement was is entered into, the tax regime governing natural persons and legal entities would be as follows: Taxation applicable to natural persons resident in France – excluding shares held in an equity savings plan (plan d'épargne en actions or PEA): Shareholders or unitholders – natural persons resident in France – benefit from the tax deferral regime: The exchange does not form part of the capital gains calculation for income tax purposes in respect of the year of the exchange. The realised capital gain or loss is calculated only when the securities received at the exchange are sold or redeemed later by reference to the cost price of the shares or units of the Absorbed Fund. Taxation of resident corporate entities: Shareholders – legal entities subject to corporation tax or legal entities subject to income tax if taxed under a BIC (Bénéfices Industriels et Commerciaux) or BA (Bénéfices Agricole) regime – of the Absorbed Fund who make a loss or profit on the exchange transaction must report this under the provisions of Article 38-5 bis.

Tax commitments. It should be noted that the two UCIs in question are exempt from corporation tax pursuant to Article 208-1 A bis of the Xxxxxx Xxxxxxx Tax Code. They will therefore place this merger under the tax regime provided for in Articles 115 A, 210 A to 000 X, 000 000, and 832 of the Xxxxxx Xxxxxxx Tax Code. In accordance with the regulations in force, on the date this merger agreement was is entered into, the tax regime governing natural persons and legal entities would be as follows: Taxation applicable to natural persons resident in France – excluding shares held in an equity savings plan (plan d'épargne en actions or PEA): Shareholders or unitholders – natural persons resident in France – benefit from the tax deferral regime: The exchange does not form part of the capital gains calculation for income tax purposes in respect of the year of the exchange. The realised capital gain or loss is calculated only when the securities received at the exchange are sold or redeemed later by reference to the cost price of the shares or units of the Absorbed Mutual Fund. Taxation of resident corporate legal entities: Shareholders – legal entities - subject to corporation tax or legal entities subject to income tax if taxed under a BIC (Bénéfices Industriels et Commerciaux) or BA (Bénéfices AgricoleAgricoles) regime – of the Absorbed Mutual Fund who make a loss or profit on the exchange transaction must report this under the provisions of Article 38-5 bis.

Tax commitments. It should be noted that the two UCIs in question are exempt from corporation tax pursuant to Article 208-1 A bis of the Xxxxxx Xxxxxxx Tax Code. They will therefore place this merger under the tax regime provided for in Articles 115 A, 210 A to 000 X210 C, 000 816 and 832 of the Xxxxxx Xxxxxxx Tax Code. In accordance with the regulations in force, on the date this merger agreement was is entered into, the tax regime governing natural persons and legal entities would be as follows: Taxation applicable to natural persons resident in France – excluding shares held in an equity savings plan (plan d'épargne en actions or PEA): Shareholders or unitholders – natural persons resident in France – benefit from the tax deferral regime: The exchange does not form part of the capital gains calculation for income tax purposes in respect of the year of the exchange. The realised capital gain or loss is calculated only when the securities received at the exchange are sold or redeemed later by reference to the cost price of the shares or units of the Absorbed Fund. Taxation of resident corporate entities: Shareholders – legal entities subject to corporation tax or legal entities subject to income tax if taxed under a BIC (Bénéfices Industriels et Commerciaux) or BA (Bénéfices Agricole) regime – of the Absorbed Fund who make a loss or profit on the exchange transaction must report this under the provisions of Article 38-5 bis.