Recoverable Tax definition

Recoverable Tax means HST incurred by Project Co in respect of the supply of any good or service to Contracting Authority which is consumed, used or supplied, or to be consumed, used or supplied, exclusively by Project Co in the course of carrying out the Works to the extent that Project Co is able to recover or be credited with input tax credits, refunds, rebates or exemptions for such HST.

Recoverable Tax means all sales, use, retail sales, excise, goods and services, harmonized sales, value-added, transfer, recording, privilege, documentary, registration, conveyance, real estate transfer, excise, license, stamp, or similar Taxes that are recoverable by either Party (or any member of its Group) under applicable law governing the payment of such Taxes, including, but not limited to, the Canadian Federal Foods and Services Tax imposed pursuant to Part IX of the Excise Tax Act (Canada), the Harmonized Sales Tax imposed pursuant to Part IX of the Excise Tax Act (Canada), and the Quebec Sales Tax imposed pursuant to the Act respecting the Quebec sales tax (Quebec), and other similar recoverable Taxes in other jurisdictions.

Recoverable Tax means tax payable under the laws of Papua New Guinea relating to taxes on income, but does not include —

Examples of Recoverable Tax in a sentence

• Project Co will pay to Contracting Authority from time to time, as the same is incurred by Project Co, amounts equal to any Recoverable Tax to the extent such Recoverable Tax results from a Change in Law.

• If a Party (or member of its Group) receives any indemnity or reimbursement payment under this Agreement attributable to a Recoverable Tax that was considered non-recoverable and such Recoverable Tax is later recovered, such Party (or member of its Group) will return the portion of the payment it received attributable to the recovered portion of such Recoverable Tax (determined on a first in, first out basis) to the other Party within thirty days of the date such recovery is Effectively Realized.

• If the Taxable Person has excess Recoverable Tax for a Tax Period and has made a request to the Authority by the means specified by the Authority to be repaid the amount of the excess, then the Authority shall repay the amount to the Taxable Person within the timelines and according to the procedures specified in the Federal Law No. (7) of 2017 on Tax Procedures.

• The Payable Tax for any Tax Period shall be calculated as being equal to the total Output Tax payable pursuant to this Decree-Law and which has been done in the Tax Period less the total Recoverable Tax by said Taxable Person over the same Tax Period.

• Project Co will pay to HMQ from time to time, as the same is incurred by Project Co, amounts equal to any Recoverable Tax to the extent such Recoverable Tax results from a Change in Law.

More Definitions of Recoverable Tax

Recoverable Tax has the meaning given in Section 35.2(d) of the Project Agreement.

Recoverable Tax means GST or PST incurred by Project Co in respect of the supply of any good or service to the Ministry which is consumed, used or supplied, or to be consumed, used or supplied, exclusively by Project Co in the course of carrying out the Works or otherwise performing the Project Operations to the extent that Project Co is able to recover or be credited with input tax credits, refunds, rebates or exemptions for such GST or PST (as the case may be).

Recoverable Tax means HST incurred by Project Co in respect of the supply of any good or service to the City which is consumed, used or supplied, or to be consumed, used or supplied, exclusively by Amended and Restated Project Agreement Ottawa Light Rail Transit Project REDACTED Execution Version CONFIDENTIAL AND PROPRIETARY Page 142 CAN: 26350049.2 BD-#30398459-v2 Project Co in the course of carrying out the Works or Highway Work or otherwise performing the activities within the Project Scope to the extent that Project Co is able to recover or be credited with input tax credits, refunds, rebates or exemptions for such HST.

Recoverable Tax has the meaning given in Section 36.5(c);

Recoverable Tax means HST incurred by DB Co in respect of the supply of any good or service to the City which is consumed, used or supplied, or to be consumed, used or supplied, exclusively by DB Co in the course of carrying out the Works to the extent that DB Co is able to recover or be credited with input tax credits, refunds, rebates or exemptions for such HST.

Recoverable Tax has the meaning as set out in Section H12.3 of the Design Build Agreement;

Recoverable Tax means all sales, use, retail sales, excise, goods and services, harmonized sales, value-added, transfer, recording, privilege, documentary, registration, conveyance, real estate transfer, excise, license, stamp, or similar Taxes that are recoverable by either Party (or any member of its Group) under applicable law governing the payment of such