PRC Taxing Authority definition
Examples of PRC Taxing Authority in a sentence
After such Tax reporting, the Expedia Parties agree to use their commercially reasonable efforts to promptly submit all documents lawfully requested by the applicable PRC Taxing Authority in connection with such Tax reporting, and give regular updates to Ctrip as to the determination (and deliver to Ctrip assessment notices, if any, issued by the applicable PRC Taxing Authority in connection with such determination).
Subject to Section 5.4(b), the Ctrip Parties shall timely pay (or cause to be paid) any Tax assessed by a relevant PRC Taxing Authority with respect to the transfer of the equity interests in the eLong VIEs from the Outgoing eLong VIE Shareholders to the Purchaser VIE Shareholders pursuant to the eLong VIE Nominee Shareholder Change Documents.
The Expedia Parties shall have the right to control the conduct of any claim, investigation, proceeding, or communication with a relevant PRC Taxing Authority in connection with any such Taxes.
Income Tax on Income Arising from Indirect Transfers of Property by Non-resident Enterprises (State Administration of Taxation Bulletin [2015] No. 7) (“Bulletin 7”) (and make such filings and disclosures in accordance therewith) and (ii) subject to Section 6.7, timely pay any Tax assessed by the applicable PRC Taxing Authority on the Seller with respect to the sale of the Transferred Shares in accordance with applicable Law.
Seller shall provide Purchaser with a copy of all Tax Returns and other Tax filing documents submitted to the PRC Taxing Authority, and Seller shall provide Purchaser with a copy of such Tax Returns and Tax Payment Notice, affixed with the chop of the competent PRC Taxing Authority, as soon as practicable and in any event within three (3) Business Days after the relevant submission has been made.
Seller Parent or an applicable Affiliate shall timely pay any Chinese Taxes attributable to any such Direct Transfer, based on a third-party valuation by an independent PRC licensed appraiser of Seller Parent’s choosing, to the appropriate PRC Taxing Authority and file any applicable Tax Returns with the appropriate PRC Taxing Authority.
If the Indirect Transfer is determined by the PRC Taxing Authority to be non-taxable in China, Seller shall provide to Buyer a tax notice issued by the PRC Taxing Authority or other documentary evidence reasonably acceptable to Buyer such as a meeting minutes/ note issued by a reputable tax advisor in relation to a meeting with the PRC Taxing Authority confirming the non-taxable position.
Seller Parent or the applicable Affiliate shall, within five (5) Business Days after the submission of such Notice 7 filing(s), deliver to Purchaser complete copies of any applicable Notice 7 filing(s) and, if provided, an acknowledgement of receipt of such Notice 7 filing(s) issued by the applicable PRC Taxing Authority.
If Seller Parent or the applicable Affiliate has fully complied with its obligations pursuant to this Section 6.5(g)(iii), then Purchaser (and its Affiliates) shall not communicate with or make any reporting to a PRC Taxing Authority regarding the Indirect Transfers or the Notice 7 filing(s), except in agreement with Seller Parent or the applicable Affiliate.
Notwithstanding any other provision of this Agreement, Seller shall indemnify and hold Holdings, Parent, Buyer and their Affiliates harmless from and against any and all Tax Losses, Damages, attorneys’ and tax advisors’ fees and expenses resulting from or arising out of the compliance by Buyer or any of its Affiliates with this Section 8.14 or from any related audit, investigation or inquiry by any PRC Taxing Authority.