Contract Tax definition

Contract Tax means: (i) customs duties, value added taxes ------------ ("VAT"), taxes, levies, fees and any similar fiscal cost imposed by the "Landing Jurisdiction" (the jurisdiction in which such -------------------- Supplies will be permanently located once incorporated into the System) on import of Supplies into the Landing Jurisdiction (hereinafter referred to collectively as "Import Fiscal Costs"); ------------------- (ii) VAT, sales tax, business tax, general sales tax, consumption tax, goods and services tax and any similar taxes imposed by the Landing Jurisdiction on the transfer of ownership of the Supplies from the Contractor to the Purchaser or provision of services in the Landing Jurisdiction by the Contractor on behalf of the Purchaser (hereinafter referred to collectively as "Transfer -------- Taxes"); and (iii) duties, levies, fees or fiscal stamps imposed ----- in respect of Contract legalizations, and use or property taxes imposed on the value of the Contract, or a portion thereof, by a Landing Jurisdiction (excluding any property taxes imposed on property owned by the Contractor that is not intended to be incorporated into the System) (hereinafter referred to collectively as "Purchase Taxes"). Any Taxes not addressed in this -------------- Contract are to be borne by the party upon whom they are imposed by the tax authorities.
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Contract Tax means taxes other than Excluded Taxes. "Contract Year" means the one (1) year period commencing with the first day of the Initial Term and each successive one (1) year period.
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Contract Tax means ad valorem taxes collected by the Denton County Fresh Water Supply District No. 4-A pursuant to the Joint Utility Contract dated January 13, 2009.
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Examples of Contract Tax in a sentence

  • To the extent that a premium payment would cause such limits to be exceeded, we will refund the excess payment to you, in accordance with the Modified Endowment Contract Tax Status section of this policy.

  • In the event that a premium payment would cause the 7-Pay limit to be exceeded, we will refund the excess payment to you, unless you have provided a Written Request in which you accept your policy being classified as a Modified Endowment Contract and indicate that we may accept such payments and apply them to the policy, in accordance with the Modified Endowment Contract Tax Status section of this policy.

  • Sales Tax, Works Contract Tax and other duties/ levies, as applicable shall be borne by the contractor.

  • Unless and until you have given us a Written Request to accept a Modified Endowment Contract (“MEC”) classification for your Policy, the provisions of this Modified Endowment Contract Tax Status subsection apply to your Policy.

  • To the extent that a premium payment would cause such limits to be exceeded, we will refund the excess payment to you, in accordance with the Modified Endowment Contract Tax Status section of this Policy.

  • Unless and until you have given us a Written Request to accept a Modified Endowment Contract (“MEC”) classification for your policy, the provisions of this Modified Endowment Contract Tax Status subsection apply to your policy.

  • The Death Benefit under this Policy is subject to any increase required to qualify the Policy as Life Insurance (see Tax Qualification as Life Insurance), or to prevent this Policy from being classified as a MEC (see Modified Endowment Contract Tax Status).

  • If any withholding for any Tax other than a Contract Tax is required by any Law as modified by applicable treaties in respect of any payment to the Contractor, the Purchaser shall (i) withhold the appropriate amount from such payment, and (ii) pay such amount to the relevant authorities in accordance with applicable Laws.

  • The Allottee shall pay to the Promoter amounts of the G.S.T, S.T.C., Works Contract Tax, Value Added Tax, cess, duties, levies and all other tax and imposition levied by the State Government, Central Government or any other authority or body on the Promoter, from time to time, proportionately, if levied as a whole on the Said Project and wholly, if levied specifically on the Said Apartment.

  • Income Tax & Work Contract Tax, if applicable, shall be deducted from your bills 10 Payment of wages Payment of wages to the workmen deployed under this contract shall be paid by Bank cheque/E-transfer of funds.

Related to Contract Tax

  • input tax , in relation to a vendor, means—

  • Relevant Tax means any present or future taxes, duties, assessments or governmental charges of whatever nature, imposed or levied by or on behalf of any Relevant Jurisdiction or any authority therein or thereof having the power to tax.

  • Sales Tax means all applicable provincial and federal sales, use, value-added or goods and services taxes, including GST/HST;

  • Relevant Tax Authority means HMRC, or, if applicable, the tax authority in the jurisdiction in which the Supplier is established;

  • Contract Charges means charges that accrue during a given month as defined in Article III. “Contract Term” is defined in Article IV.