Direct Tax definition

Direct Tax means any tax or duty directly applicable to the completed supplies or services covered by this subcontract, or any other tax or duty from which the Seller or this transaction is exempt. It includes any tax or duty directly applicable to the importation, production, processing, manufacture, construction, sale, or use of such supplies or services; it also includes any tax levied on, with respect to, or measured by sales, receipt from sales, or use of the supplies or services covered by this subcontract. The term does not include transportation taxes, unemployment compensation taxes, social security taxes, income taxes, excess-profits taxes, capital stock taxes, property taxes, and such other taxes as are not within the definition of the term “direct tax” as set forth above in this paragraph.

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Direct Tax shall have the meaning ascribed to it in Clause 9.1.

Direct Tax means a tax levied under its domestic laws, by a country on persons (including juristic persons), in respect of income, capital gains, net worth, property, donations and gifts and includes estate duties;

Examples of Direct Tax in a sentence

Further, in case of a Member State where such a structure is not in place, this Agreement shall become effective from the date on which such a Member State introduces a proper Direct Tax Structure and notifies the SAARC Secretariat to this effect.
On formalization, this SAARC Limited Multilateral Agreement on Avoidance of Double Taxation and Mutual Administrative Assistance in Tax Matters shall be applicable only in the Member States where an adequate Direct Tax Structure is in place.
In no event will Landlord be entitled to receive from Tenant and the other tenants in the Building an aggregate amount in excess of actual Direct Expenses and Direct Tax Expenses as a result of the foregoing provision.
The percentage for Direct Expenses is the rentable square feet of the Premises divided by the Building rentable square footage of 215,055 and for Direct Tax Expenses is the rentable square feet of the Premises divided by the Building Total Rentable Square Footage of 222,667.
If the Building rentable square footage is not one hundred percent (100%) occupied during an entire calendar year, including the Base Year, then the variable component of Direct Expenses and Direct Tax Expenses will be equitably adjusted so that the total amount of Direct Tax Expenses and Direct Expenses equals the amount which would have been paid or incurred by Landlord had the Building been one hundred percent (100%) occupied for the entire calendar year.

More Definitions of Direct Tax

Direct Tax or “Direct Taxes” shall mean income tax, corporate tax, or similar tax or levy, wherever and whenever charged, levied or imposed together with any interest and penalties in relation thereto.

Direct Tax shall have meaning ascribed to it in Clause 8.1. 1.21 "Effective Date" means the date of Letter of Award. 1.22 "Emergency Event" means a sudden and unexpected event or circumstance which has caused or reasonably threatens to cause (i) serious bodily injury to any personnel employed at the Site or any other Persons at or in the vicinity of the Site; (ii) serious physical damage to the Plant, including the Facility or other material or property located at or in the vicinity of the Site; (iii) a work stoppage or other serious labour disturbance at the Site; (iv) imposition of fines or other penalties or sanctions under any Applicable Law, which fines, penalties or sanctions would be likely to affect seriously the ability of Owner or the Contractor to perform any of its or their obligations under this Contract; or (v) an occurrence of any accident materially impacting on the environment. 1.23 “Facility” or “Facilities” means entire Plant and Non-Plant area available for Horticulture and Landscaping Services in 2 x 363.3 MW ONGC Tripura Power Plant at Palatana including River Water Intake System area. 1.24 "Force Majeure" shall have the meaning ascribed to it in Clause 18.1.

Direct Tax means any tax, fee, surcharge, or exaction of any other type which are legally imposed on Supplier by a tax authority, including any tax on or measured by Supplier’s income, gross receipts (including Ohio’s Commercial Activity Tax), capital, net worth, franchise, privilege, property or any employment-related tax imposed on Supplier.

Direct Tax means the direct annual tax levied on all taxable property within the corporate limits of the City by the City Resolution authorized by Section 7-53-311 of the Act and pledged by the City to the payment of Lease Payments under the Lease..

Direct Tax means income tax, corporate tax, or similar tax or levy, wherever and whenever charged, levied or imposed together with any interest and penalties in relation thereto.

Direct Tax means a tax paid directly to the government that is levied directly on the income, capital, property, real property, of a person, natural person, or organization, examples of direct taxes include income taxes, and ad valorem taxes placed on the appraised value of property.