Tax Assessment definition

Tax Assessment means any assessment, notice, demand, letter or other document generated or issued (including the preparation of any return, assessment or computation) or action taken by or on behalf of any Taxation Authority from which it appears that any one or more of the Company, any other Group Company or any member of the Buyer’s Tax Group is subject to, or is sought to be made subject to, or might become subject to, any Liability to Taxation or other liability for Tax for which the Sellers are liable under paragraph 2 of this Schedule or for breach of any of the Tax Warranties;
Tax Assessment means an assessment of net payable tax by any taxpayer under chapter fifteen;
Tax Assessment has the meaning specified in Section 10.5(a).

Examples of Tax Assessment in a sentence

  • The Plan is a plan to which Subdivision 83A-C of the Income Tax Assessment Xxx 0000 (Cth) applies (subject to conditions in the Act).

  • The Association is exempt from income tax under Division 50 of the Income Tax Assessment Act 1997.

  • The Company is exempt from income tax under Division 50 of the Income Tax Assessment Act 1997.

  • No provision for income tax has been raised as the entity is exempt from income tax under Div 50 of the Income Tax Assessment Act 1997.

  • Publication 1035, Extending the Tax Assessment Period, provides a more detailed explanation of your rights and the consequences of the choices you make.


More Definitions of Tax Assessment

Tax Assessment means all federal, state, or local sales, use, excise, gross receipts, municipal fees, transfer, transaction or similar taxes, fees, or surcharges, but excludes: (a) any tax, fee, assessment, or surcharge on either party’s corporate existence, status, or income; (b) property taxes, fees, assessment, or surcharges; (c) any corporate franchise tax, fee, assessment, or surcharge; and (d) taxes, fees, assessment, and surcharges which are imposed directly on a party’s gross or retail revenues.
Tax Assessment shall have the meaning ascribed to it in Section 12.01(a).
Tax Assessment means an assessment or determination listed in the First Schedule;
Tax Assessment means a self-assessment, default assessment, advance assessment, amended assessment, assessment of penalty, or any other assessment made under a tax law;
Tax Assessment means a self assessment, default assessment, advance assessment, or additional assessment”;
Tax Assessment means any assessment, demand or other similar formal notice of a tax liability issued by or on behalf of any Tax Authority by virtue of which the Company either is liable to make a payment of tax or will, with the passing of time, become so liable (in the absence of any successful application to postpone any such payment); and
Tax Assessment means any tax issue whether associated with a proposed amount due or the application of penal- ties and interest.