Tax computation definition
Examples of Tax computation in a sentence
Notwithstanding the generality of the foregoing, if security has been provided in respect of a Potential Liability which is attributable to an accounting period and the Lessor's and Lessor Agent's Corporation Tax computation for that period is treated as agreed or determined in accordance with the provisions of this clause 25.5, the Lessor shall release such security to the extent that it exceeds the actual Corporation Tax, as so determined or agreed, relating to that accounting period.
VMware shall have the right to review and comment on any proposed Tax computation, and Dell shall consider all comments in good faith and accept all Reasonable Comments.
In the event the Internal Revenue Service ("IRS") subsequently challenges the Excise Tax computation herein described, then the Executive shall notify the Company in writing of any claim by the IRS that, if successful, would require the payment by the Executive of additional Excise Taxes.
When allocation or apportionment factors are required for any Tax computation, the factors used in ▇▇▇▇▇▇▇'▇ or the affected member of the Buyer Group's most recently filed Returns or Returns as filed (as appropriate) in the relevant jurisdictions shall be used if actual allocation or apportionment factors are not readily available.
Not later than thirty (30) days following the provision of the Venator Tax or Huntsman Tax computation to Venator as provided in Section 2.3, or a Tax Return relating to Transfer Taxes filed by the Venator Group in accordance with Section 2.4, Venator will pay Huntsman or Huntsman will pay Venator, as appropriate, any payment required to be made pursuant to Article II.
Tax computation must be carried to the third decimal place, and The tax must be rounded to a whole cent using a method that rounds up to the next cent whenever the third decimal place is greater than four.
In the event the Internal Revenue Service subsequently increases the amount of the Excise Tax computation, the Company shall reimburse Executive for the full amount necessary to make Executive whole on an after-tax basis (less any amounts received by Executive that Executive would not have received had the Excise Tax initially been computed as subsequently adjusted), including the value of any underpaid Excise Tax, and any related interest and/or penalties due to the Internal Revenue Service.
The Company is not party to any derivative contract as defined in CTA 2009, Part 7 which may give rise to debits or credits in respect of any period prior to Completion other than those which have been or would be reflected in the relevant Tax computation.
A Tax computation schedule, in lieu of a Tax Return, shall be delivered to the other party if no separate Tax Return for any Transfer Tax in connection with the implementation of this Agreement or any Foreign Implementing Agreement is required to be filed by either party.
Except as set forth in Section 4.11(e)(vii) of the Equityholders' Disclosure Schedule, none of CKS, PassGo or a PassGo Affiliate has claimed any Tax Relief to which it is not entitled or made any Tax computation that includes a Tax Relief to which it is not entitled.