Examples of PRC Tax Authority in a sentence
The Company shall respectively report the repurchase of Qualcomm Repurchased Shares and Founder Holdcos Repurchased Shares contemplated hereunder to the relevant PRC Tax Authority.
If any PRC Tax Authority makes any formal or informal request to the Buyer or any of its Affiliates for PRC Tax under Bulletin 7 to be paid in respect of any transaction undertaken pursuant to the pre-Closing restructuring of the Business or any transaction contemplated by this Agreement, such request, whether or not in writing, shall be a Tax Claim.
CH Seller shall file (or cause to be filed) such Public Notice 7 Filing and, as soon as reasonably practicable after making such filing, shall provide Buyer with a copy of the acknowledgment receipt stamped or other evidence to the extent available, if any, including accurate descriptions of any oral or other communication with such relevant PRC Tax Authority that such Public Notice 7 Filing has been duly made.
The Sellers shall provide Purchaser with a copy of their written submission to the relevant PRC Tax Authority evidencing the submission of the Bulletin 7 Tax Report as soon as reasonably practicable after the relevant submission has been made.
The Seller shall respond as soon as reasonably practicable to any inquiry from any PRC Tax Authority relating to the assessment of PRC Withholding Taxes.
In the event the relevant PRC Tax Authority issues an acknowledgement or receipt in respect of the Sellers’ submission of the Bulletin 7 Tax Report, the Sellers shall provide Purchaser with a copy of such acknowledgement or receipt as soon as reasonably practicable after the Sellers’ receipt thereof.
To the extent that any VIE Shareholder is determined by the relevant PRC Tax Authority to be required by applicable Law to pay Taxes in connection with the transactions contemplated by the Equity Transfer Agreements, the Founder Shareholders (and not the Company or the WFOE) shall be fully responsible for such Taxes.
Prior to reporting to the relevant PRC Tax Authority, the Sellers shall provide the draft Bulletin 7 Tax Report and other reasonable documentation related thereto to Purchaser for Purchaser’s review and comment no later than ten (10) days prior to filing the Bulletin 7 Tax Report.