Tax Saving definition

Tax Saving means the reduction or elimination of any Tax liability of a Company to the extent that such reduction or elimination would not have occurred but for the payment or discharge by a Company of a Prior Liability; and

Tax Saving has the meaning ascribed to such term in Clause 10(g).

Tax Saving means the amount of any savings obtained by the Contractor during the New Tax System transition period as a result of the New Tax System changes in respect of any supplies under the Contract. Any expression used in this Contract which is defined in the A New Tax System (Goods & Services Tax) Act 1999 (Cth) or in the Competition and Consumer Act 2010 (Cth) has the same meaning in this Contract as so defined.

Examples of Tax Saving in a sentence

• If the Restated Tax Saving Amount is greater than the Tax Saving Amount, the Indemnitee shall promptly pay the Indemnifying Party an amount equal to the difference between such amounts.

• ICICI Prudential Long Term Equity Fund (Tax Saving) is not an eligible designated scheme for Medical Advantage Feature.

• If the Restated Tax Saving Amount is less than the Tax Saving Amount, then the Indemnifying Party shall pay to the Indemnitee an amount equal to the difference between such amounts promptly after receipt of written notice setting forth the amount due and the computation thereof.

• Any Tax Saving Amount calculated under Section 5.3 hereof shall be adjusted in the event of an Audit which results in a Final Determination that increases or decreases the amount of the Indemnifiable Loss Deduction reported on any relevant Tax Return of the Indemnitee.

• There shall be an adjustment to any Tax Saving Amount calculated under Section 6.3(b) hereof in the event of an Audit which results in a Final Determination that increases or decreases the amount of the Indemnifiable Loss Deduction reported on any relevant Tax Return of the Indemnitee.

More Definitions of Tax Saving

Tax Saving means the reduction or elimination on or before the seventh anniversary of this Agreement of any Tax Liability of a Group Company to the extent that such reduction or elimination would not have occurred but for the payment or discharge by that Group Company of a Prior Liability; and

Tax Saving has the meaning set forth in Section 20.1.

Tax Saving means any decrease of any Tax assessed against any of the Companies, including any increase of corporation tax credit (Körperschaftsteuerguthaben) within the meaning of section 37 of the German Corporate Income Tax Act (KStG) or similar tax credits under the tax laws of any other jurisdiction, however, excluding, for the avoidance of doubt, notional tax credits (such as increases of loss carry-forwards, timing differences or potential write-offs).

Tax Saving shall also be deemed to include any interest received from a governmental tax authority, net of any federal, state, local or foreign taxes payable thereon.

Tax Saving means any decrease of any assessed Tax, including any increase of loss carry forwards, any depreciable, amortizable or accruable item or amount relevant for the assessment of any present or future Tax, or any corporation tax credit.

Tax Saving has the meaning given in Clause 13.3.5.

Tax Saving means the net present value of reductions of any future tax payments resulting from future depreciation or expenses related to past depreciation or expenses not fully recognized in any tax audit. The net present value shall be calculated with a deemed total tax rate of 35% (in words: thirty-five per cent) and with an interest rate of 5% (in words: five per cent) per annum on the basis of future depreciation or expenses that will lead to a reduction of tax payments after December 31, 2004.