Tax Issue definition

Tax Issue has the meaning ascribed thereto in paragraph 7 of the Tax Deed;
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Tax Issue means the Tax consequences relating to or resulting from any improper treatment on any tax return, tax filing, etc. made prior to or on the Completion Date by the Seller or any of the Group Companies of the transactions consisting of (i) the acquisition of the shares in NL Drahtseile GmbH by the Company on 29 December 2009, (ii) the increase of the share capital of NL Drahtseile on 29 December 2009 and the contribution of certain receivables/title to certain inventory to the equity of NL Drahtseile GmbH, and (iii) the acquisition of certain receivables against NL Drahtseile GmbH by the Company under certain agreements dated 28 December 2009, as amended;
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Tax Issue means all assertions of Tax Liability arising from (a) a Tax Claim asserted by a single Taxing Authority, regardless of the period of time for which such Tax Claim is asserted or
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Examples of Tax Issue in a sentence

  • The Disputed Tax Issue Indemnitor has the right to defend, handle, settle or contest at its cost any Disputed Tax Issue; provided, however, that Halliburton shall have the right (but not the obligation) to defend, handle, settle or contest at KBR’s cost any Disputed Tax Issue related to a Disqualifying Action or Potential Disqualifying Action.

  • The Disputed Tax Issue Indemnitor has the right to defend, handle, settle or contest at its cost any Disputed Tax Issue.

  • The Tax Reporting Determination Notice shall include the following information: (i) whether the Notes are “traded on an established market” for purposes of Treasury Regulation Section 1.1273-2(f)(9), (ii) the Tax Issue Price, and (iii) the Tax Reporting Rules that the Issuer has determined to apply to the Notes, including, if applicable, the “comparable yield” and “projected payment schedule” or the applicable payment schedule.

  • The Seller shall be entitled to the portion of any refund, overpayment or tax credit relating to or arising from such Straddle Period Sales and Use Tax Issue that relates to a Pre-Closing Period and the Purchaser shall be entitled to the portion of any refund, overpayment or tax credit relating to or arising from such Straddle Period Sales and Use Tax Issue that relates to a Post-Closing Period.

  • The W&I Insurance Policy shall apply in respect of the conduct following the discovery of any fact, matter, circumstance or event (a) which has given or might give rise to a claim against any of them and which, in turn, has given or might give rise to a Claim under the Tax Indemnity, or (b) for breach of the Tax Warranties, (in both cases a Tax Issue).

  • The Purchaser will, or will cause the Sold Company to, forward amounts so received from the Vendor to the Tax Authority on account of the Tax Issue and preserve for the Vendor any rights of appeal or contestation related to the Tax Issue.

  • This notice shall set out such information as is available and as is reasonably necessary to enable the other party to assess the merits of the Tax Issue.

  • If the Disputed Tax Issue is not resolved before the due date (taking into account all valid extensions) for an applicable Seller Tax Return, such Seller Tax Return shall be filed as proposed by Seller; provided, that Buyer shall, if applicable, promptly amend such Seller Tax Return in a manner consistent with the Accountant’s determination.

  • Upon becoming aware of any pending audit, investigation, assessment or other any other action by any Tax Authority which gives or may give rise to any Tax Liability ("Tax Issue") relating to any taxable year or period beginning on or before the Effective Date, the Purchaser shall give written notice to the Sellers of such Tax Issue without unreasonable delay.

  • If the Disputed Tax Issue and the calculation of the amount of the Seller’s Share are not resolved before the due date (taking into account all valid extensions) for an applicable Buyer Tax Return, such Buyer Tax Return shall be filed as proposed by Buyer; provided, that Buyer shall, if applicable, promptly amend such Buyer Tax Return in a manner consistent with the Accountant’s determination.


More Definitions of Tax Issue

Tax Issue has the meaning given to it in Paragraph 5.1 of this Schedule 8; and
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Tax Issue has the meaning given in paragraph 5.1 of Schedule 16; Tax Liability means (a) any liability of any Group Company to make or suffer an actual or increased payment of or with respect to Tax; (b) the use or set-off of any Purchaser Relief or Completion Statement Relief against any Tax or income, profits or gains, where, but for such use or set-off a Group Company would have had an actual liability under (a) hereof (the amount of the Tax Liability for this purpose being deemed to be equal to the amount of Tax Liability under (a) hereof that is saved by the use or set-off of the Purchaser Relief or Completion Statement Relief) and (c) the loss, non-availability or reduction in the amount of any Completion Statement Relief (the amount of the Tax Liability for this purpose shall be the amount with which the Completion Statement Relief is reduced as a result of such loss, non-availability or reduction;
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Tax Issue has the meaning given in Clause 7.1 of Schedule 8; Tax Liability a liability of any Group Company for any Tax, including for the avoidance of doubt, non-recoverability of VAT; Tax Refund a right to, or receipt of, a rebate, refund or repayment in respect of Tax from any Tax Authority in respect of any period up to the Effective Date, provided such right or receipt has not been included in the Accounts; Tax or Taxation any and all forms of taxation, social security charges, duties, imposts and other levies of whatever nature, including income tax, corporate income tax, capital tax, wage tax, real property tax, transfer tax, registration tax, value added tax, stamp duty, national social security contributions and employee social security contributions, customs and excise duties, environmental taxes and duties, dividend withholding tax, including any interest, penalties, surcharges, fines or other additions thereto separately or jointly due, payable, levied, imposed upon or claimed to be owned in any relevant jurisdiction, whether directly payable to any relevant Tax Authority or payable pursuant to any relevant tax sharing arrangement or agreement (including tax unity obligations and tax sharing agreements); Transaction has the meaning given in Recital F; Unipart has the meaning given in Clause 6.7; Vendor Due Diligence Report the vendor due diligence report (and addendum thereto) of Deloitte Transaction Services (Financial, Tax and Pension) including the schedules and annexes thereto dated 3 January 2013 and 7 February 2013, respectively; W&I Insurance Company mean Pembroke Syndicate 4000 at Lloyd's;
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Tax Issue has the meaning given in paragraph 8.1 of Schedule 13; Tax Refund means a refund, or rebate in respect of Tax; Tax Return means any return, statement, report, election, claim for refund, or form (including estimated Tax returns and reports, withholding Tax returns and reports, and information returns and reports) required to be filed with respect to Taxes, including any schedule or attachment thereto and any amendment thereof;
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Tax Issue has the meaning set out in Section 4.15(a);
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Related to Tax Issue

  • Tax Item means, with respect to any Income Tax, any item of income, gain, loss, deduction, or credit.

  • Tax means any tax, levy, impost, duty or other charge or withholding of a similar nature (including any penalty or interest payable in connection with any failure to pay or any delay in paying any of the same).

  • Hypothetical Tax Liability means, with respect to any Taxable Year, the Hypothetical Federal Tax Liability for such Taxable Year, plus the Hypothetical Other Tax Liability for such Taxable Year.

  • Tax Liability means the total taxes due to a municipal corporation for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.

  • Actual Tax Liability means, with respect to any Taxable Year, the liability for Covered Taxes of the Corporation (a) appearing on Tax Returns of the Corporation for such Taxable Year and (b) if applicable, determined in accordance with a Determination (including interest imposed in respect thereof under applicable law).