Tax affairs Clause Samples
The 'Tax affairs' clause sets out the responsibilities and obligations of the parties regarding their tax compliance and reporting. Typically, it requires each party to ensure that their own tax affairs are in order, such as paying all relevant taxes and filing necessary returns, and may require providing evidence of compliance upon request. This clause helps prevent disputes or liabilities arising from tax non-compliance, ensuring that each party bears responsibility for their own tax matters and reducing the risk of one party being held accountable for the other's tax issues.
Tax affairs. Each Obligor must promptly file all tax returns required by law within the requisite time limits except to the extent contested in good faith and subject to adequate reserve or provision.
Tax affairs. The Purchaser declares that his personal income tax and/or VAT affairs are in order and any resultant delay in the transfer of the Property in the name of the Purchaser, if this appears not to be the case, will be a material breach of this Agreement which will entitle the Seller to the immediate cancellation of this Agreement.
Tax affairs. Nothing in clause 6.6:
(a) interferes with the right of any Finance Party to arrange its tax affairs in any manner it thinks fit;
(b) obliges any Finance Party to investigate the availability of, or claim, any Tax Credit; or
(c) obliges any Finance Party to disclose any information relating to its tax affairs or any tax computations.
Tax affairs. Nothing in Conditions 8(b) (Taxation - Tax Credit Payment) and 8(c) (Taxation - Tax Credit Clawback) above shall interfere with the right of any Holder to arrange its tax or any other affairs in whatever manner it thinks fit, oblige any Holder to claim any credit, relief, remission or repayment in respect of any payment made under this Condition in priority to any credit, relief, remission or repayment available to it nor oblige any Holder to disclose any information relating to its tax or other affairs or any computations in respect thereof.
Tax affairs. The Owner must:
(a) promptly file all Tax reports and returns required to be filed by it in any jurisdiction; and
(b) promptly pay all Taxes or, if any Tax is being contested in good faith and by appropriate means, ensure an adequate reserve is set aside for payment of that Tax.
Tax affairs. Nothing in this Section 11 shall require any Facility Indemnified Party to disclose any information to any Person regarding its affairs (Tax or otherwise) or Tax computations or interfere with the right of any Facility Indemnified Party to arrange its affairs (Tax or otherwise) according to its sole discretion.
Tax affairs. Nothing in this clause 14 shall oblige any Lender to disclose any information to any person regarding its Tax affairs or Tax computations or interfere with the right of any Lender to arrange its Tax affairs in whatever manner it thinks fit.
Tax affairs. 6.1 The Warrantors (or their duly authorised agents or advisers) shall, at the reasonable expense of HHL, prepare and submit the corporation tax computations and returns of HHL (“Tax Computations”) for its accounting period(s) (within the meaning of section 12 of the Taxes Act) ended on or before the Accounts Date (“Relevant Accounting Period(s)”).
6.2 The Warrantors shall deliver to the Purchaser for comments any Tax Computation return document or correspondence and details of any information or proposal (“Relevant Information”) which it intends to submit to HM Revenue and Customs before submission to HM Revenue and Customs and shall take account of the reasonable comments of the Purchaser and make such amendments to the Relevant Information as the Purchaser may reasonably require in writing within 30 days of the date of delivery of the Relevant Information prior to its submission to HM Revenue and Customs.
6.3 The Warrantors shall deliver to the Purchaser copies of any material correspondence sent to, or received from, HM Revenue and Customs relating to the Tax Computations and returns and shall keep the Purchaser informed of its actions under this paragraph.
6.4 Subject to paragraphs 6.2 and 6.3, the Purchaser shall or shall procure that:
6.4.1 HHL properly authorises and signs the Tax Computations and makes and signs or otherwise enters into all such elections, surrenders and claims and withdraws or disclaims such elections, surrenders and claims and gives such notices and signs such other documents as the Warrantors shall reasonably require in relation to the Relevant Accounting Period(s);
6.4.2 HHL provides to the Warrantors such information and assistance, including without limitation such access to its books, accounts and records which may reasonably be required to prepare, submit, negotiate and agree the Tax Computations;
6.4.3 any correspondence which relates to the Tax Computations shall, if received by the Purchaser or HHL (or its agents or advisers), be copied to the Warrantors.
6.5 In respect of any matter which gives or may give the Purchaser a right to make a HHL Tax Claim, the provisions of paragraph 4 with respect to appeals and the conduct of disputes shall apply instead of the provisions of this paragraph 6.
6.6 The Warrantors shall use all reasonable endeavours to submit the Tax Computations as soon as reasonably practicable and within applicable time limits.
6.7 Clauses 6.1 to 6.3, 6.5 and 6.6 shall apply, mutatis mutandis, to the Tax...
Tax affairs. (a) No provision of this Agreement will:
(i) interfere with the right of any Interim Finance Party to arrange its affairs (Tax or otherwise) in whatever manner it thinks fit;
(ii) oblige any Interim Finance Party to investigate or claim any credit, relief, remission or repayment available to it or the extent, order and manner of any claim; or
(iii) oblige any Interim Finance Party to disclose any information relating to its affairs (tax or otherwise) or any computations in respect of Tax.
Tax affairs. (a) Nothing in this Section 10 shall oblige any Facility Indemnified Party to disclose any information to any person regarding its affairs (Tax or otherwise) or Tax computations or interfere with the right of any Facility Indemnified Party to arrange its affairs (Tax or otherwise) in whatever manner it thinks fit.
(b) Notwithstanding any other provision herein, the Company (and its employees, representatives or other agents) may disclose to any and all persons, without limitation of any kind, the U.S. tax treatment and U.S. tax structure of this Agreement and all materials of any kind (including opinions or other tax analyses) that are provided to such party relating to such U.S. tax treatment and U.S. tax structure, other than any information for which nondisclosure is reasonably necessary in order to comply with applicable securities laws.