Tax Statement Sample Clauses
A Tax Statement clause outlines the responsibilities of the parties regarding the reporting, payment, and documentation of taxes related to the agreement. Typically, it specifies which party is liable for various taxes, such as sales, use, or value-added taxes, and may require one party to provide tax-related documents or certifications to the other. This clause ensures that both parties are clear about their tax obligations, reducing the risk of disputes or unexpected liabilities arising from tax issues.
Tax Statement. If Landlord furnishes a Tax Statement for a new Tax Year subsequent to the commencement thereof, promptly after the new Tax Statement is furnished to Tenant, Landlord shall give notice to Tenant stating whether the amount previously paid by Tenant to Landlord for the current Tax Year was greater or less than the installments of the Tax Payment for the current tax year in accordance with the Tax Statement, and (a) if there shall be a deficiency, Tenant shall pay the amount thereof within ten (10) days after demand therefor, or (b) if there shall have been an overpayment, Landlord shall credit the amount thereof against the next monthly installments of the Fixed Rent payable under this Lease. Tax Payments shall be collectible by Landlord in the same manner as Fixed Rent. Landlord's failure to render a Tax Statement shall not prejudice Landlord's right to render a Tax Statement during or with respect to any subsequent Tax Year, and shall not eliminate or reduce Tenant's obligation to make Tax Payments for such Tax Year.
Tax Statement. Any and all charges payable under this Agreement are exclusive of taxes, surcharges, or other amounts assessed by state or federal governments. Taxes imposed upon or required to be paid by Client or Service Provider shall be the sole and exclusive responsibility of each, respectively.
Tax Statement. Manager will issue a Form 1099 to Owner and the IRS for each calendar year showing all rents collected.
Tax Statement. If Landlord furnishes a Tax Statement for a new Tax Year subsequent to the commencement thereof, promptly after the new Tax Statement is furnished to Tenant, Landlord shall give notice to Tenant stating whether the amount previously paid by Tenant to Landlord for the current Tax Year was greater or less than the installments of the Tax Payment for the current tax year in accordance with the Tax Statement, and (a) if there shall be a deficiency, Tenant shall pay the amount thereof within ten (10) days after demand therefor, or (b) if there shall have been an overpayment, Landlord shall credit the amount thereof against the next monthly installments of the Fixed Rent payable under this Lease. Tax Payments shall be collectible by Landlord in the same manner as Fixed Rent. Landlord's failure to render a Tax Statement shall not prejudice Landlord's right to render a Tax Statement during or with respect to any subsequent Tax Year, and shall not eliminate or reduce Tenant's obligation to make Tax Payments for such Tax Year. Notwithstanding anything to the contrary contained in this Article 27, Landlord shall be deemed to have waived its right to collect the Tax Payment for a Tax Year if Landlord shall have failed to deliver the Tax Statement with respect to such Tax Year by the date which is two (2) years after the later to occur of (x) the date on which Landlord shall have received the appropriate ▇▇▇▇ from the Governmental Authority, and (y) the date which is the last day of the Tax Year in question.
Tax Statement. If Taxes for any Tax Year after the Tax Base Year, or the RTS Taxes for any Tax Year in which Tenant is required to pay the RTS Taxes shall be less than the amount reflected on the last-issued Estimated Tax Statement for such Tax Year, Landlord shall (and in any other case Landlord may) within sixty (60) days after the end of such Tax Year issue a statement of Taxes or the RTS Taxes, as applicable, for such Tax Year, including a computation of Tenant’s Tax Payment for such Tax Year (a “Tax Statement”). If Tenant shall have overpaid Taxes, the RTS Taxes or any component thereof for any Tax Year, Landlord, at its option, shall, subject to the last sentence of Section 4.02B(ii) hereof, either refund the amount overpaid to Tenant together with delivery of the Tax Statement or allow Tenant a credit against the next subsequent payments of Rent in the amount of Tenant’s overpayment of Taxes and/or the RTS Taxes. If Tenant shall have underpaid Taxes and/or the RTS Taxes for any Tax Year, Tenant shall pay to Landlord an amount equal to the amount of such underpayment of Tenant’s Tax Payment with respect to such Tax Year within thirty (30) days after receipt of the applicable Tax Statement.
Tax Statement. A statement showing the calculation of Tenant’s Tax Payment.
Tax Statement. These rates do not include any sales, gross receipts, privilege, or contractor’s tax levied by various states. These taxes, where applicable, will be in addition to the rates stated above.
Tax Statement. Upon the reasonable request of either Shareholder in connection with a proposed disposition of some or all of such Shareholder’s interest in the Company, the Company shall (i) provide to such Shareholder a statement described in U.S. Treasury Regulation Section 1.897-2(g)(1)(ii) certifying that the Shareholder’s interest in the Company was not a “United States real property interest” as of the date specified by such Shareholder, (ii) provide a notice to the U.S. Internal Revenue Service in accordance with U.S. Treasury Regulation Section 1.897-2(h)(2) and (iii) provide such Shareholder with a copy of such notice, in each case only to the extent such a statement or notice, as applicable, can be provided under applicable Law taking into consideration all relevant facts as reasonably determined by the Company.
Tax Statement to be given to Tenant. If such Final Tax Statement shall show a deficiency, Tenant shall 34 pay such amount to Landlord within twenty (20) days; if it shall show that Tenant has made an 35 overpayment, Landlord shall either pay to Tenant, or at Landlord's election, credit against subsequent 36 payments of Rent, the amount of such overpayment.
Tax Statement. 12 Tax Year........................................................................................................................................ 12 Taxes.............................................................................................................................................. 11 Tenant.............................................................................................................................................. 1