Examples of Collateral Management Fees in a sentence
The Issuer is not, however, aware of any proposal to amend Irish domestic law to remove the exemption from value added tax on Collateral Management Fees for entities such as the Issuer.
If so, the Issuer could from then be required to account for VAT in Ireland in respect of the Collateral Management Fees.
The imposition of VAT in Ireland on the Collateral Management Fees will not constitute a Note Tax Event or a Collateral Tax Event.
The Issuer has been advised that under current Irish law, the Collateral Management Fees should be exempt from value added tax in Ireland as consideration paid for collective portfolio management services provided to a "qualifying company" for the purposes of section 110 of the Taxes Consolidation Act of Ireland 1997, as amended ("TCA").
Imposition of unanticipated Taxes on IssuerThe Issuer expects to earn a minimum profit that is subject to Dutch corporate tax but that no Dutch VAT should be payable on the Collateral Management Fees, subject to what follows.