Applicable Tax Amount definition

Applicable Tax Amount means any withholding or deduction on account of any present or future taxes, duties or governmental charges of whatever nature imposed or levied by or on behalf of any Taxing Jurisdiction or any political subdivision thereof or any authority or agency therein or thereof having power to tax.
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Applicable Tax Amount means, with respect to any amount of Proceeds payable to Xxxxxx Xxxxxxx, the product of (i) such amount and (ii) the hypothetical highest marginal rate of federal, state and local income tax applicable to Discover and its Affiliates with respect to such Proceeds in the taxable year in which such Proceeds are required to be taken into account by Discover for tax purposes. For the avoidance of doubt, the hypothetical highest marginal rate referred to in clause (ii) above shall be determined (x) based on Discover’s state and local income tax rate after taking into account the effect of applicable allocation and apportionment rules and (y) taking into account the deductibility of state and local income taxes for federal tax purposes.
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Applicable Tax Amount has the meaning set forth in Section 11.25.
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Examples of Applicable Tax Amount in a sentence

  • Decision of the Standing Committee of the People’s Congress of Guangxi Zhuang Autonomous Region on the Applicable Tax Amount of Cultivated Land Occupation Tax (adopted on July 25, 2019 at the 10th meeting of the Standing Committee of the 13th People’s Congress of Guangxi Zhuang Autonomous Region).

  • Table VI-10: Summary of Taxes Related for Land Acquisition S/LItemsStandardsBasis 1 Farmland occupation tax CNY 15/m2Decision of the Standing Committee of the People’s Congress of Guangxi Zhuang Autonomous Region on the Applicable Tax Amount of Cultivated Land Occupation Tax (adopted on July 25, 2019 at the 10th meeting of the Standing Committee of the 13thPeople’s Congress of Guangxi Zhuang Autonomous Region).

  • The apportionment of the amount received is a private matter between the joint accountholders.

  • Whenever the Benefactor is obliged to make a payment under this Deed which attracts value added, sales, use, excise, other similar taxes or duties or currency exchange expenses or banking charges under any national or supranational laws and regulations applicable to a party or any party’s obligations described under or pursuant to this Deed (“Applicable Tax Amount”) the Benefactor shall be liable to pay such Applicable Tax Amount in addition to the sums otherwise payable under this Deed.

  • They also allow management and investors to assess the performance of the entire business on the same basis as its reportable segments.

  • All these taxes and fees will be borne by the IA.Table V-5: Summary of Taxes Related for Land AcquisitionData source: Decision of the Standing Committee of the People's Congress of Guangxi Zhuang Autonomous Region on the Applicable Tax Amount of Cultivated Land occupation Tax, adopted on July 25, 2019 at the 10th meeting of the Standing Committee of the 13th People's Congress of Guangxi Zhuang Autonomous Region.

  • Removal/Installation by the Contractor shall be accomplished in order for OCCC to finish utilizing existing stock and working around show schedules.

  • All amounts payable by the Client under the Contract are exclusive of VAT applicable to the RRES Services or RRES Equipment and any applicable sales tax, export or import duty or any other taxes, currency exchange expenses or banking charges under any Applicable Laws (“Applicable Tax Amount”) and the Client shall be liable to pay such Applicable Tax Amount in addition to the Charges, unless otherwise expressly otherwise stated in the Order Form.


More Definitions of Applicable Tax Amount

Applicable Tax Amount has the meaning set forth in Section 7.12 hereof.
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Applicable Tax Amount means, in any relevant year of determination, with respect to any Person holding Equity Interests of a Loan Party and taking into account only such Person’s share of income and deductions attributable to its equity ownership interest in such Loan Party, an aggregate amount equal to such holder of Equity Interests' actual federal and state income tax liability for such taxable year (or portion thereof) attributable to such Loan Party's taxable income (taking into account the deductibility of state and local taxes for federal income tax purposes).
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Related to Applicable Tax Amount

  • Applicable Tax Rate means the estimated highest aggregate marginal statutory U.S. federal, state and local income, franchise and branch profits tax rates (determined taking into account the deductibility of state and local income taxes for federal income tax purposes and the creditability or deductibility of foreign income taxes for federal income tax purposes) (“Tax Rate”) applicable to any Partner on income of the same character and source as the income allocated to such Partner pursuant to Sections 5.04(a) and (b) for such fiscal year, fiscal quarter or other period, as determined by the Tax Matters Partner in its discretion; provided that, in the case of a Partner that is a partnership, grantor trust or other pass-through entity under U.S. federal income tax law, the Tax Rate applicable to such Partner for purposes of determining the Applicable Tax Rate shall be the weighted average of the Tax Rates of such Partner’s members, grantor-owners or other beneficial owners (weighted in proportion to their relative economic interests in such Partner), as determined by the Tax Matters Partner in its discretion; provided, further, that if any such member, grantor-owner or other beneficial owner of such Partner is itself a partnership, grantor trust or other pass-through entity similar principles shall be applied by the Tax Matters Partner in its discretion to determine the Tax Rate of such member, grantor-owner or other beneficial owner.

  • Applicable Tax Law means any foreign, federal, state or local tax law, statute, regulation, rule, code or ordinance enacted, adopted, issued or promulgated by any Governmental Body or common law that apply to any party hereto, this Agreement or the activities contemplated hereby, as applicable.

  • Applicable Taxes means the Goods and Services Tax (GST), the Harmonized Sales Tax (HST), and any provincial tax, by law, payable by Canada such as, the Quebec Sales Tax (QST) as of April 1, 2013.

  • Applicable Tax means any tax applicable in the jurisdiction of the Work;

  • Applicable Tax State means the State in which the Owner Trustee maintains its Corporate Trust Office, the State in which the Owner Trustee maintains its principal executive offices and the State of Michigan.

  • Available Tax Increment means the Gross Tax Increment received by the City from Hennepin County during the period preceding each semi-annual Payment Date, less (i) the amount of tax increment, if any, which the City must pay to the school district, the county and the state pursuant to Minnesota Statutes, Sections 469.177, Subds. 9 and 11; 469.176, Subd. 4h; and 469.175, Subd. 1a, as the same may be amended from time to time, (ii) actual administrative costs of the City in an amount not to exceed 10% of Gross Tax Increment.

  • Tax Amount has the meaning set forth in Section 4.01(b)(i).

  • Eligible taxpayer means a taxpayer that meets both of the following conditions:

  • After Tax Amount means the amount of the Aggregate Payments less all federal, state, and local income, excise and employment taxes imposed on the Executive as a result of the Executive’s receipt of the Aggregate Payments. For purposes of determining the After Tax Amount, the Executive shall be deemed to pay federal income taxes at the highest marginal rate of federal income taxation applicable to individuals for the calendar year in which the determination is to be made, and state and local income taxes at the highest marginal rates of individual taxation in each applicable state and locality, net of the maximum reduction in federal income taxes which could be obtained from deduction of such state and local taxes.

  • Pre-Tax Earnings means the Corporation's earnings before income taxes as reported in the Company's Consolidated Income Statement for each fiscal year of the Performance Period, excluding any non-cash charge incurred in accordance with accounting principles generally accepted in the United States of America (GAAP) for any restricted stock or restricted stock unit awards granted during the Performance Period and all options, restricted stock and other equity compensation granted to Directors during the Performance Period.

  • maximum council tax reduction amount means the amount determined in accordance with paragraph 29;

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Straddle Tax Period means a Tax period that begins on or before the Closing Date and ends after the Closing Date.

  • Indemnifiable Tax means any Tax other than a Tax that would not be imposed in respect of a payment under this Agreement but for a present or former connection between the jurisdiction of the government or taxation authority imposing such Tax and the recipient of such payment or a person related to such recipient (including, without limitation, a connection arising from such recipient or related person being or having been a citizen or resident of such jurisdiction, or being or having been organised, present or engaged in a trade or business in such jurisdiction, or having or having had a permanent establishment or fixed place of business in such jurisdiction, but excluding a connection arising solely from such recipient or related person having executed, delivered, performed its obligations or received a payment under, or enforced, this Agreement or a Credit Support Document).

  • Gross-Up Amount has the meaning set forth in definition of “Make Whole Amount.”

  • Effective tax rate means the rate that will produce last year’s total tax levy (adjusted) from this year’s total taxable values (adjusted). “Adjusted” means lost values are not included in the calculation of last year’s taxes and new values are not included in this year’s taxable values.

  • All applicable taxes and duties means all taxes and duties, in effect on the contract date, that the taxing authority is imposing and collecting on the transactions or property covered by this contract, pursuant to written ruling or regulation in effect on the contract date.

  • Net After Tax Amount means the amount of any Parachute Payments or Capped Payments, as applicable, net of taxes imposed under Code Sections 1, 3101 (b) and 4999 and any State or local income taxes applicable to the Executive on the date of payment. The determination of the Net After Tax Amount shall be made using the highest combined effective rate imposed by the foregoing taxes on income of the same character as the Parachute Payments or Capped Payments, as applicable, in effect on the date of payment.

  • Assumed Tax Rate means the highest effective marginal combined U.S. federal, state and local income tax rate for a Fiscal Year prescribed for an individual or corporate resident in New York, New York (taking into account (a) the nondeductiblity of expenses subject to the limitation described in Section 67(a) of the Code and (b) the character (e.g., long-term or short-term capital gain or ordinary or exempt income) of the applicable income, but not taking into account the deductibility of state and local income taxes for U.S. federal income tax purposes). For the avoidance of doubt, the Assumed Tax Rate will be the same for all Partners.

  • Presumed Tax Rate means the highest effective marginal statutory combined U.S. federal, state and local income tax rate prescribed for an individual residing in New York City (taking into account (i) the deductibility of state and local income taxes for U.S. federal income tax purposes, assuming the limitation of Section 68(a)(2) of the Code applies and taking into account any impact of Section 68(f) of the Code, and (ii) the character (long-term or short-term capital gain, dividend income or other ordinary income) of the applicable income).

  • Rollback tax rate means the rate that will produce last year’s maintenance and operation tax levy (adjusted) from this year’s values (adjusted) multiplied by 1.08 plus a rate that will produce this year’s debt service from this year’s values (unadjusted) divided by the anticipated tax collection rate.

  • Portable tank means a storage tank along with its piping and wiring that is not stationary or affixed, including a tank that is on skids.

  • Consolidated Tax Expense means, for any period, the tax expense of Borrower and its Subsidiaries, for such period, determined on a consolidated basis in accordance with GAAP.

  • Tax Limitation Amount means the maximum amount which may be placed as the Appraised Value on the Applicant’s Qualified Property for maintenance and operations tax assessment in each Tax Year of the Tax Limitation Period of this Agreement pursuant to Section 313.054 of the TEXAS TAX CODE.

  • Base Tax Year means the property tax levy year used

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.