Commodity Tax definition

Commodity Tax means any tax payable in connection with the purchase or sale of Commodities including, without limitation, any value added tax, sales tax, goods and service tax, import or excise tax or any other similar tax or duty;
Sample 1Sample 2Sample 3
Commodity Tax means any Tax payable in connection with the purchase or sale of the Commodities by the Investment Agent or the Purchaser, including any VAT, sales tax, goods and service tax, import or excise tax or any other similar tax or duty.
Sample 1Sample 2Sample 3
Commodity Tax means any Tax payable in connection with the purchase or sale of Commodities by the Investment Agent or the Purchaser, including, without limitation, any value added tax, sales tax, use tax, goods and services tax, consumption tax, import tax, export tax, customs or excise tax and any other similar tax or duty but excluding any tax imposed by reference to the capital net worth or net income of the Investment Agent.
Sample 1

Examples of Commodity Tax in a sentence

  • He added that in addition to import tariffs and taxes applied equally to imported and domestic products (e.g., the Commodity Tax, the VAT, and the Alcohol and Tobacco Tax), the Harbour Construction Dues and the Trade Promotion Fee were the only charges applied to imports.

  • In addition, neither charge would be increased in its level of application, or included in the taxable base of imports for the purposes of applying domestic taxes such as the Commodity Tax.

  • In response to questions, the representative of Chinese Taipei stated that VAT, Commodity Tax, tobacco and alcohol monopoly tax were applied equally to imported and domestic products.

  • The representative of Chinese Taipei stated that from the time of Chinese Taipei's accession, changes to the Commodity Tax would modify the base for the tax.

  • Within the same time-frame Chinese Taipei would exclude these charges from the valuation base for the application to imports of domestic taxes, such as the Commodity Tax and the Tobacco and Alcohol Tax.

  • Such subsidies, with the exception of those provided under Article 12 of the Statute for Commodity Tax, would be repealed upon accession and subsidies provided to manufacturers of automobiles and motorcycles using domestically developed and designed parts would cease no later than 3 years after Chinese Taipei's accession to the WTO.

  • Along with these, we have professionals who specialize in Business Valuation, Claims Valuation, Corporate Recovery & Turnaround, Forensics, Estates & Trusts, Global Mobility Services, HR Consulting, Commodity Tax (HST), International Transactions & Consulting, International Tax, Litigation Support, M&A Transactions, Management Services, Personal Insolvency and Succession Planning.

  • Article 12 of the Commodity Tax Act was amended in 2015 to specify that wheelchair accessible vehicles (the so-called welfare vehicles) purchased within a specific period shall be exempted from the commodity tax in order to improve care for the disadvantaged and construct a barrier-free traffic environment.

  • The Commodity Tax Law was repealed when the Consumption Tax Law came into effect on 1 April 1989.

  • Background on Commodity Tax Straddles and Explanation of H.R. 1293, Scheduled for Hearing by Committee on Ways and Means, Staff of Joint Comm.

Related to Commodity Tax

  • Commodity contract means a commodity futures contract, an option on a commodity futures contract, a commodity option, or another contract if the contract or option is:

  • commodity derivatives means commodity derivatives as defined in Article 2(1)(30) of Regulation (EU) No 600/2014;

  • Commodity Hedging Agreement means any agreement for the making or taking of delivery of any commodity, any commodity swap agreement, floor, cap or collar agreement or commodity future or option or other similar agreement or arrangement, or any combination thereof, entered into by the applicable Person, primarily for the purpose of mitigating or eliminating exposure to fluctuations in commodity prices.

  • Commodity Account is any “commodity account” as defined in the Code with such additions to such term as may hereafter be made.

  • Commodity Agreement means any commodity futures contract, commodity swap, commodity option or other similar agreement or arrangement designed to protect against fluctuations in the price of commodities or to otherwise manage commodity prices or the risk of fluctuations in commodity prices.

  • Commodity option means an account, agreement, or contract giving a party to the account, agreement, or contract the right but not the obligation to purchase or sell one or more commodities or one or more commodity contracts, whether characterized as an option, privilege, indemnity, bid, offer, put, call, advance guaranty, decline guaranty or otherwise, but shall not include an option traded on a national securities exchange registered with the United States securities and exchange commission.

  • Commodity Interests means commodity futures contracts, options on commodity futures contracts, and options on physical commodities traded on or subject to the rules of:

  • Commodity Hedging Agreements means, in respect of a Person, any commodity purchase contract, commodity futures or forward contract, commodities option contract or other similar contract (including commodities derivative agreements or arrangements), to which such Person is a party or a beneficiary.

  • Commodity intermediary means a person that:

  • Commodity customer means a person for which a commodity intermediary carries a commodity contract on its books.

  • Commodity Agreements means, in respect of any Person, any forward contract, commodity swap agreement, commodity option agreement or other similar agreement or arrangement in respect of Hydrocarbons used, produced, processed or sold by such Person that are customary in the Oil and Gas Business and designed to protect such Person against fluctuation in Hydrocarbon prices.

  • Commodity means any material, article, supply, goods, or equipment.

  • Commodity Futures Trading Commission means the independent regulatory agency established by congress to administer the Commodity Exchange Act.

  • Commodity Broker means any person who engages in the business of effecting transactions in Commodity Contracts for the account of others or for his or her own account.

  • Financial Futures Contract means the firm commitment to buy or sell fixed income securities including, without limitation, U.S. Treasury Bills, U.S. Treasury Notes, U.S. Treasury Bonds, domestic bank certificates of deposit, and Eurodollar certificates of deposit, during a specified month at an agreed upon price.

  • Futures Contract means a Financial Futures Contract and/or Stock Index Futures Contracts.

  • Swap means any agreement, contract, or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act.

  • Commodity Exchange Act means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute.

  • Currency Pair means the object or Underlying Asset of a CFD Transaction based on the change in the value of one currency against the other. A Currency Pair consists of two currencies (the Quote Currency and the Base Currency) and shows how much of the Quote currency is needed to purchase one unit of the Base Currency.

  • Agricultural commodity means all agricultural, aquacultural, silvicultural, horticultural, floricultural, or viticultural products, livestock or livestock products, Christmas trees, bees, maple syrup, honey, commercial fish or fish products, and seeds produced in this state, either in their natural state or as processed by the producer of the commodity. The kinds, types, and subtypes of products to be classed together as an agricultural commodity for the purposes of this act shall be determined on the basis of common usage and practice.

  • Bulk commodities means the following commodities, when shipped in rail tank cars, tanker trucks, trailers, other bulk wheeled conveyances, or pipelines:

  • Commodities Accounts (i) shall mean all “commodity accounts” as defined in Article 9 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4 under the heading “Commodities Accounts” (as such schedule may be amended or supplemented from time to time).

  • RATE CONTRACT means the agreement for supply of goods/ materials between Owner and Vendor, for a fixed period of time (i.e till validity of Rate Contract, with no commitment of contractual quantity) on mutually agreed terms and conditions. The actual supply of goods/ materials shall take place only on issue of separate purchase orders for required quantity as and when required by Owner.

  • Commodity Price Protection Agreement means, in respect of a Person, any forward contract, commodity swap agreement, commodity option agreement or other similar agreement or arrangement designed to protect such Person against fluctuations in commodity prices.

  • Forward Hedge Amount means, for any Forward, the amount specified as such in the Placement Notice for such Forward (as amended by the corresponding Acceptance, if applicable), which amount shall be the target Aggregate Sales Price of the Forward Hedge Securities to be sold by the Forward Seller in respect of such Forward, subject to the terms and conditions of this Agreement.

  • Increased Cost of Hedging means that the Issuer would incur a materially increased (as compared with circumstances existing on the First Trading Date) amount of tax, duty, expense or fee (other than brokerage commissions) to (A) acquire, establish, re-establish, substitute, maintain, unwind or dispose of any transaction(s) or asset(s) it deems necessary to hedge the risk of issuing and performing its obligations with respect to the Securities, or (B) realise, recover or remit the proceeds of any such transaction(s) or asset(s), provided that any such materially increased amount that is incurred solely due to the deterioration of the creditworthiness of the Issuer shall not be deemed an Increased Cost of Hedging.