input tax , in relation to a vendor, means—
Relevant Tax means any present or future taxes, duties, assessments or governmental charges of whatever nature, imposed or levied by or on behalf of any Relevant Jurisdiction or any authority therein or thereof having the power to tax.
VAT means value added tax.
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.
Relevant Tax Authority means HMRC, or, if applicable, the tax authority in the jurisdiction in which the Supplier is established;
Gross receipts tax means any gross receipts, sales, use, excise, value added or any similar tax.
Input Tax Credit means the credit of input tax;
Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.
Specific local tax means a tax levied under 1974 PA 198, MCL 207.551 to 207.572, the commercial redevelopment act, 1978 PA 255, MCL 207.651 to 207.668, the technology park development act, 1984 PA 385, MCL 207.701 to 207.718, and 1953 PA 189, MCL 211.181 to 211.182. The initial assessed value or current assessed value of property subject to a specific local tax shall be the quotient of the specific local tax paid divided by the ad valorem millage rate. However, after 1993, the state tax commission shall prescribe the method for calculating the initial assessed value and current assessed value of property for which a specific local tax was paid in lieu of a property tax.
central tax means the central goods and services tax levied under section 9 of the Central Goods and Services Tax Act;
Use tax means a nonrecurring tax, other than a sales tax, which (a) is imposed on or with respect to the exercise or enjoyment of any right or power over tangible personal property incident to the ownership, possession or custody of that property or the leasing of that property from another including any consumption, keeping, retention, or other use of tangible personal property and (b) is complementary to a sales tax.
Transfer Tax means any sales, use, transfer, real property transfer, recording, stock transfer and other similar Tax and fees, including any interest, penalty or addition thereto, whether disputed or not; provided, however, that the term “Transfer Tax” shall not include any Income Tax.
Premium tax means a tax paid by insurance companies to provincial and territorial governments calculated as a percentage of gross premiums written.
Local taxes means all taxes levied other than taxes levied for school operating purposes.
HST means the tax payable and imposed pursuant to part IX of the Excise Tax Act (Canada) as amended, including any provincial component collected by Canada on behalf of British Columbia, and any successor legislation thereto;
Annual Special Tax means the Special Tax actually levied in any Fiscal Year on any Assessor’s Parcel.
Indirect Tax means any goods and services tax, consumption tax, value added tax or any tax of a similar nature.
municipal tax means property rates or other taxes, levies or duties that a municipality may impose;
Sales Tax means all applicable provincial and federal sales, use, value-added or goods and services taxes, including GST/HST;
Goods and Services Tax or “GST” means the goods and services tax chargeable under the Goods and Services Tax Act (Cap. 117A);
MUNICIPAL TAXABLE INCOME means the following:
Assumed State and Local Tax Rate means the tax rate equal to the sum of the products of (x) the Corporation’s income tax apportionment factor for each state and local jurisdiction in which the Corporation files income or franchise tax returns for the relevant Taxable Year and (y) the highest corporate income and franchise tax rate in effect for such Taxable Year for each such state and local jurisdiction in which the Corporation files income tax returns for each relevant Taxable Year.
Federal Tax means any Tax imposed under Subtitle A of the Code.
Other Tax means any Federal Other Tax, State Other Tax, or Foreign Other Tax.
REO Tax As defined in Section 3.17(a).
Net Taxable Income has the meaning set forth in Section 4.01(b)(i).