Taxes Due definition

Taxes Due means the amount, if any, of the resulting alternative minimum tax under Section 55 of the Code for the applicable period as to such Net Profits Allocation.
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Taxes Due shall have the same meaning as "U.S. Taxes Due."
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Taxes Due has the meaning set forth in Section 8.09(c).
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Examples of Taxes Due in a sentence

  • If the Seller does not remit the Taxes Due to the Contractor, the Contractor may pursue the lost compensation from the Seller.

  • If the Seller does not remit the Taxes Due to the Contractor within 60 days of the due date, unless a longer period is offered by the state, or the Seller remits the Taxes Due directly to the Streamlined State, the Contractor may pursue the lost compensation from the Seller.

  • The Contractor is not required to provide the notice in this section to the Executive Director if the Seller remits the Taxes Due to the Contractor after the due date and the Contractor remits those Taxes Due to the Streamlined State within ten (10) business days of the due date of that remittance.

  • The payment provisions are amended as follows: EXAMPLE: Section ## is amended by the addition of the following requirements [OR] Section ## is hereby deleted in its entirety and replaced as set forth below: Taxes Due to the State.

  • As the amount of Taxes Due from each Volunteer Seller reaches a rate adjustment level, adjustments to compensation shall be made as soon as is practicable to avoid over compensation, but no later than the next tax remittance to the Streamlined States after the level has been reached.

  • However, the Contractor shall be entitled to the compensation under Section D of this Contract if the Contractor timely submitted the return and Taxes Due, but the state rejected either the corresponding return or Taxes Due, because of an error by the state.

  • The combined Taxes Due for all the Streamlined States that will result in a rate adjustment shall include only sales and use taxes generated from sales sourced in accordance with the sourcing rules in Article III of the SSUTA to a Streamlined State in which the Seller is a Volunteer Seller.

  • For example, if taxes are remitted monthly and the total amount of Taxes Due from a Volunteer Seller to all Streamlined States combined rises from $225,000 at the end of one month to $300,000 at the end of the following month, the Contractor shall receive eight percent (8%) of $25,000 ($2,000) and seven percent (7%) of $50,000 ($3,500) and the remainder ($69,500) shall be remitted to the Streamlined States for that month.

  • If the Estimated Tax Payments exceed the Taxes Due for any such Tax return, Seller will promptly pay to Buyer and the Company the amount of such excess.

  • If the Taxes Due exceed the Estimated Tax Payments for any such Tax return, Buyer and the Company will promptly pay to Seller the amount of such excess.

Related to Taxes Due

  • Connection Income Taxes means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes.

  • Income Taxes means any Tax which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (i) of this sentence.

  • Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom but excluding, for the avoidance of doubt, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.

  • Non-Income Taxes means any Taxes other than Income Taxes.

  • Taxes means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.