Tax Deduction Clause Samples
A Tax Deduction clause outlines how taxes will be handled in relation to payments made under the agreement. It typically specifies whether one party is permitted or required to withhold taxes from amounts payable to the other party, and may detail the process for providing tax documentation or receipts. This clause ensures that both parties understand their tax obligations and helps prevent disputes over net payment amounts by clarifying who bears responsibility for tax withholdings.
POPULAR SAMPLE Copied 8 times
Tax Deduction. The Contractor shall deduct all applicable federal, state and local government taxes for Fleet Maintenance Services administrative fees and associated Vehicle maintenance and repair costs prior to invoicing the Authorized User, if the Authorized User is a tax exempt organization. The Authorized User shall certify tax exempt status, if required by the Contractor.
Tax Deduction. All fees and amounts listed are inclusive of applicable tax (TDS- Tax Deduction at Source). Prevailing TDS rate will be deducted from each payment disbursed to the Institute for the Study as per the applicable existing tax laws in the country. Certificate for the tax deducted at source will be provided at the end of the financial year.
Tax Deduction. Each payment made by a paying Transaction Party to a receiving Transaction Party under any Transaction Document shall be made without any Tax deduction, unless a Tax deduction is required by any law.
Tax Deduction. Each year when you fill out your income tax return, you deduct the amount you’ve paid in Union dues from your income. That means you pay less income tax. In short, dues pay for legal representation, educational programs, help worker’s compensation problems, strike benefits, the cost of offices and meeting halls, newsletters, and other resources, such as pay equity or health and safety expertise. Your Union ▇▇▇▇▇▇▇ is an elected front-line representative of the Teamsters Union is your workplace. It is his or her duty to give you advice on your rights and to represent you to management in the first stage of the grievance procedure. The responsibility of the ▇▇▇▇▇▇▇ is to enforce the Collective Agreement. The means by the Collective Agreement is enforced is called the grievance procedure. Without the ▇▇▇▇▇▇▇ to enforce it, even the best Collective Agreement would only amount to a collection of well-chosen words – a worthless piece of paper. Bring any suspected violation of this agreement to the attention the Union ▇▇▇▇▇▇▇ as soon as possible, because time limits may be important in winning your grievance. A Union ▇▇▇▇▇▇▇ cannot work miracles and solve your problem on the spot, but he or she will either give you an answer or find out the answer to your problem by contacting the Union Representative. Union Stewards are all volunteers. They receive no pay for their important work and have a lot of responsibility. Treat them with consideration, as you would any friend who tries to assist you. Never ask your Union ▇▇▇▇▇▇▇ to look into a violation of your contract rights unless you are willing to file a grievance, if necessary. Their time is as important as yours. Your ▇▇▇▇▇▇▇ can assist you in winning your rights under this Collective Agreement, but only if you are willing to see it through. Management cannot deny anyone the right to file a grievance and has to accept the grievance as presented to them. Despite the trouble involved in the job, being a Union ▇▇▇▇▇▇▇ can be a rewarding and educational experience. If you are not afraid to ask that your legal contract rights be respected by management and if you also enjoy helping people, talk to your Union Representative. You might make a good Union ▇▇▇▇▇▇▇. To most workers, a Union represents security in the workplace, dignity on the job and a means to a better life. Therefore, enforcing the contract provisions through the grievance procedure is important because the rights and interest of the Union members are prot...
Tax Deduction. Subject to Sub-Clause (c) of this Clause 7.1, the Issuer shall bear all Taxes (including, without limitation, stamp duty and relevant registration and filing charges) as may be levied from time to time in respect of or in connection with the Debentures, this Deed and / or the other Debenture Documents. For the avoidance of any doubt it is clarified that, the Issuer shall not be required to reimburse and/or pay any income taxes of the Debenture Holders. In the event of the Issuer failing to pay the monies referred to above, the Debenture Trustee may (acting on the instructions of the Majority Debenture Holders), decide to make the necessary payments as applicable but shall not have any obligation to make such payments. The Issuer shall forthwith and no later than 2 (two) Business Days from the date of receipt of a notice of demand from the Debenture Trustee in respect thereof or such other date as may be agreed by the Parties ("Reimbursement Date"), reimburse all sums paid by the Debenture Trustee in accordance with the provisions contained herein. In the event the Issuer fails to reimburse the Debenture Trustee on or before the Reimbursement Date as provided in this Clause 7.1(a), then all such unpaid sums shall be payable along with Default Interest thereon for the period commencing from the Reimbursement Date till such sums are duly reimbursed by the Issuer to the Debenture Trustee. All monies payable by the Issuer to the Debenture Holders under the Debenture Documents shall be calculated and be made without and free and clear of any deduction, set-off or counter-claim, other than in respect of any withholding tax in respect of income of the Debenture Holders, which as mandated by Applicable Law has to be deducted at source. All Taxes in respect of the income of the Debenture Holders, which are required by Applicable Law to be paid/ deducted by the Issuer from any amounts of Interest, any other interest or fees paid or payable under this Deed shall be so deducted and paid by the Issuer to the appropriate authorities when due and within the statutory limits prescribed under Applicable Law. The Issuer shall deliver to the Debenture Holders within 60 (sixty) days from the end of the Fiscal Quarter in which such payment is made to the appropriate authority, a certificate of tax deduction at source or any other evidence prescribed under Applicable Law satisfactory to the Debenture Holders that the payment has been duly remitted to the appropriate authority. I...
Tax Deduction take reasonable steps to ensure that it does not engage in any course of conduct that would lead to a deduction, for United Kingdom corporation tax purposes, in respect of accrued interest or discount on the Current Issuer Notes by the Current Issuer being denied, postponed or restricted (whether such denial, postponement or restriction results from the application of paragraph 2 or 13 of Schedule 9 of the Finance Act 1996 or otherwise);
Tax Deduction. An expense, such as a charitable contribution, that can be deducted from one’s taxable income.
Tax Deduction. Except as otherwise provided in any Issuer Document, each payment made by a Paying Transaction Party to a Receiving Transaction Party under any Issuer Document shall be made without any Tax Deduction, unless a Tax Deduction is required by any Requirement of Law.
Tax Deduction a deduction or withholding for or on account of Taxes from a payment under any Loan Document.
Tax Deduction. It is not required to make any Tax Deduction from any payment it may make under any Finance Document.