Relevant Tax Period definition

Relevant Tax Period means any taxable year or other tax period that (i) ends on or before the Effective Date or (ii) begins before and ends after the Effective Date.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Relevant Tax Period has the meaning set forth in the definition of “Tax Deficit”.

Relevant Tax Period means (i) with respect to (a) Parent, Purchaser, the Company and any Subsidiary of Parent or Purchaser other than ▇▇ ▇▇▇▇▇▇▇, the Company and its Subsidiaries and (b) any Subsidiary of the Company that is treated as a partnership (or disregarded as a separate entity from such a Subsidiary or Person described in clause (a)) for tax purposes, any Post-Closing Tax Period and (ii) with respect to ▇▇ ▇▇▇▇▇▇▇ and any Subsidiary of the Company or ▇▇ ▇▇▇▇▇▇▇ that is treated as a corporation (or disregarded as a separate entity from ▇▇ ▇▇▇▇▇▇▇ or such a Subsidiary) for tax purposes, any taxable period.

Examples of Relevant Tax Period in a sentence

• The Purchaser shall duly notify all of the Sellers of any cash Tax refund relating to the Relevant Tax Period.

• The Purchaser shall procure that any Tax filing which relates in whole or in part to the Relevant Tax Period or any period prior to the Relevant Tax Period shall so far as practicable be delivered to all of the Sellers (but with respect to Tax filings by JV (Holding) to the S&N Sellers only) for their review, comments and instructions no later than twenty (20) Business Days prior to the due date of the relevant Tax filing.

• The Buyer shall prepare and file (or cause to be prepared and filed) all other Tax Returns relating to the Relevant Tax Period on a basis consistent with those prepared for prior taxable periods and in accordance with the instructions of the Sellers’ Representatives.

• The Purchaser shall (or shall cause the respective Group Company to) provide Sellers with copies of all tax returns and amendments thereto and any other documents regarding the Tax Matters if filed after the Closing for the Relevant Tax Period.

• The foregoing right to instruct in respect of the Relevant Tax Period shall include, without limitation, the right to request (i) a specific treatment (including for commercial/statutory accounting, Tax accounting and Tax elections) of reorganisation measures that have been implemented within the BSN Group (other than at Purchaser’s initiative) and (ii) any (other) specific treatment for commercial/accounting purposes to the extent relevant for Tax purposes and/or any Tax filings.

• The Sellers’ Representatives shall prepare and file (or cause to be prepared and filed by the relevant Target Group Company) all Tax Returns that relate to the Relevant Tax Period due to be filed on or prior to the Closing Date.

• With respect to any Tax Return required to be filed by any Target Group Company after the Closing Date, and as to which an amount of Tax is allocable to the Relevant Tax Period, the Buyer shall provide the Sellers’ Representatives with a copy of such draft Tax Return for review and comments by the Sellers’ Representatives, at least 20 (twenty) Business Days, or in case of Tax Returns to be filed on a monthly basis at least 5 (five) Business Days, prior to the due date for the filing of such return.

• From and after the Closing Date, the Buyer undertakes to pay to the Sellers any Tax refund (“Tax Refund”) realized or received by the Buyer after the Closing Date for the Relevant Tax Period or attributable to an amount paid (and not yet reimbursed) by the Sellers unless and to the extent reflected as a receivable in the Post-Closing Statement.

• In particular, the Purchasers will (or cause the respective Group Company to) inform Sellers of any Tax Matters regarding the Relevant Tax Period without undue delay Seite 72 von 83 and Sellers will be afforded the opportunity to participate, at Sellers' own costs and expenses, in any Tax Matters for a Relevant Tax Period and be present at all discussions regarding Tax Matters for a Relevant Tax Period with the Tax authority.

More Definitions of Relevant Tax Period

Relevant Tax Period means the tax year in which the Disposal is treated as having been made for CGT purposes; Relief is defined in Schedule 9;