GCC Territory definition

GCC Territory. All territories of the GCC Member States. Local Law: The VAT Law and any relevant legislation issued by each Member State. Person: Any natural or legal person, public or private, or any other form of partnership. Taxable Person: A Person conducting an Economic Activity independently for the purpose of generating income, who is registered or obligated to register for VAT in accordance with the provisions of this Agreement.
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GCC Territory. All territories of the GCC Member States. The Ministerial Committee: The Financial and Economic Cooperation Committee of the GCC. Local Law: Excise tax law and any relevant legislation issued by each Member State. Person: Any natural or legal person, public or private, or any other form of partnership. Common Customs Law: The Common Customs Law of the GCC States. Tax Administration: The governmental entity or department in the State having jurisdiction to administer, collect, and enforce the Tax. Excise Goods: Goods that are taxable under the provisions of this Agreement. Locally Produced Excise Goods: Excise goods produced within a Member State. Import of Excise Goods: Entry of excise goods from outside the GCC Territory to any Member State in accordance with the provisions of the Common Customs Law. Tax Suspension Situation: a situation in which the chargeability to tax of Locally Produced Excise Goods or Imported Excise Goods is suspended in accordance with the provisions of Article (5) of this Agreement.
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Examples of GCC Territory in a sentence

  • Supply of Goods from any Member State to the outside of the GCC Territory in accordance with the provisions of the Common Customs Law.

  • The services are not related to any tangible goods or property located in the GCC Territory during the supply.

  • Chapter Eleven Special Treatments of Tax Refunds Article 66 Tax Refunds for Persons residing in the GCC Territory Taxable Persons in any Member State may request the refund of Tax paid in another Member State in accordance with the conditions and rules determined by the Financial and Economic Cooperation Committee.

  • R.K. Garg,Former Managing Director, Indian Rare Earths Ltd., 4, Vikram Jyoti, Deonar, Mumbai-400088 Chairman2.Scientist -1 or 2,Environment Department, Goverment of Maharashtra, Mumbai-400 032Member3.Shri.

  • To apply zero-rating, the tests described in section 8.2 are applied, noting that other GCC states are not considered as GCC Territory during this transitional period.

  • If Oman has not introduced VAT by this date, this will be considered the provision of services to a customer outside of GCC Territory, where the services are used outside of GCC Territory.

  • If Bahrain has not introduced VAT by this date, this will be considered as an import of services from outside of GCC Territory.

  • The supplier intends for the services to be enjoyed outside the GCC Territory.

  • In many cases, the rules for determining the application of VAT depend on whether a supplier or customer is resident in the GCC Territory, or if the person is Taxable in another GCC Member State.

  • The supplier has no evidence that the Customer is resident in any GCC Member State and has evidence that the Customer is a resident outside the GCC Territory.

Related to GCC Territory

  • Licensed Territory means worldwide.

  • Territory means worldwide.

  • U.S. Territory means American Samoa, the Commonwealth of the Northern Mariana Islands, Guam, the Commonwealth of Puerto Rico, or the U.S. Virgin Islands.

  • Service Territory means the geographic area within which PG&E as a Utility Distribution Company is authorized and required to provide electric transmission and distribution service.

  • Union territory means the territory of—

  • Geographic Territory shall include any territory formally assigned to Employee as well as all territories in which Employee has provided any services, sold any products or otherwise had responsibility at any time during the eighteen (18) month period preceding Employee’s date of separation;

  • Relevant Territory means Hong Kong or such other territory as the Directors may from time to time decide if the issued ordinary share capital of the Company is listed on a stock exchange in such territory;

  • Licensed Field means all fields of use.

  • Exclusive Territory means (1) the states of Illinois, Wisconsin, and Indiana; and

  • Traditional Territory means, subject to a Yukon First Nation Final Agreement, with respect to each Yukon First Nation and each Yukon Indian Person enrolled in that Yukon First Nation's Final Agreement, the geographic area within the Yukon identified as that Yukon First Nation's Traditional Territory on the map referred to in 2.9.0.

  • the Territory means the sub-Saharan Continent, south of the 15N latitude.

  • Licensed Product means any method, process, composition, product, service, or component part thereof that would, but for the granting of the rights set forth in this Agreement, infringe a Valid Claim contained in the Licensed Patents.

  • Sales territory means an area of exclusive sales responsibility for the brand or brands of beer sold by a supplier as designated by an agreement.

  • Collaboration Product means a pharmaceutical product containing or comprising Compound in any dosage form alone, or in combination with, one or more other pharmaceutically active ingredients, and any and all Improvements thereto.

  • Licensed Fields of Use means the fields of use identified in Appendix B.

  • customs territory means the territory of the country of each Contracting Party in which the Customs laws of that country are in force;

  • Licensed Products means tangible materials which, in the course of manufacture, use, sale, or importation, would be within the scope of one or more claims of the Licensed Patent Rights that have not been held unpatentable, invalid or unenforceable by an unappealed or unappealable judgment of a court of competent jurisdiction.

  • Licensed Field of Use means all fields.

  • Competing Product means [***].

  • complex product means a product which is composed of multiple components which can be replaced permitting disassembly and re-assembly of the product.

  • Competing Products means any product or service in existence or under development that competes with any product or service of the Company Group about which the Participant obtained Confidential Information or for which the Participant provided advisory services or had sales, origination, marketing, production, distribution, research or development responsibilities in the last twenty-four (24) months of employment with the Company Group.

  • Licensed Compounds means any EZH2 Compound(s) that is:

  • New Product means the Synology-branded hardware product and Synology-branded accessories contained in the original packaging Customer bought from an authorized Synology distributor or reseller. You may see our “New Product” at Product Support Status.

  • Commercialization or “Commercialize” means activities directed to marketing, promoting, research and development as required, manufacturing for sale, offering for sale, distributing, importing or selling a product, including sub-licensing or sub-contracting of these activities.

  • Coverage territory means the United States of America (including its territories and possessions), Puerto Rico and Canada.

  • Generic Product means a product which (a) contains as its active pharmaceutical ingredient a compound that is (or is substantially the same as) the Licensed Compound or the active pharmaceutical contained in a Unity Bcl-2 [***] Product, and (b) has been placed on the market pursuant to a validly granted marketing authorization.