Examples of Tax Liabilities in a sentence
The related deferred tax liability is recorded as Deferred Tax Liabilities for Land Revaluation.
IV -In view of the unconstitutionality lawsuit related to the increase in the social contribution rate, established by Articles 17 and 41 of Law No. 11,727 of June 24, 2008, filed on June 26, 2008 by the National Confederation of the Financial System (CONSIF), deferred tax assets were recorded up to the amount added to the Tax Liabilities, while the amount of R$ 2,372,365 is unrecorded (R$ 670,017 at 09/30/2008).
If the Borrowers shall be required by law to deduct any such Tax Liabilities (or amounts in estimation or reimbursement for the same) from or in respect of any sum payable hereunder to Lender, then the sum payable hereunder shall be increased as may be necessary so that, after making all required deductions, Lender receives an amount equal to the sum it would have received had no such deductions been made.
If any Borrower shall be required by law to deduct any such Tax Liabilities from or in respect of any sum payable hereunder to Agent or any Lender, then the sum payable hereunder shall be increased as may be necessary so that, after all required deductions are made, Agent or such Lender receives an amount equal to the sum it would have received had no such deductions been made.
If the Georgian legislation provides for payment of any Tax Liabilities by the means of withholding the funds from the accounts, the Bank and/or any of its subsidiaries/affiliates shall make such payments at the Client’s expense and/or withhold the relevant amounts from the Client’s accounts and inform the Client accordingly.