General Anti-Abuse Rule definition

General Anti-Abuse Rule means (a) the legislation in Part 5 of the Finance Act 2013; and (b) any future legislation introduced into parliament to counteract tax advantages arising from abusive arrangements to avoid national insurance contributions;

General Anti-Abuse Rule means the legislation in Part 5 of the Finance Act 2013; and any future legislation introduced into parliament to counteract tax advantages arising from abusive arrangements to avoid national insurance contributions;

General Anti-Abuse Rule has the meaning given to it in paragraph 6.3 of Schedule 12 (Financial Covenants and Bonds);

Examples of General Anti-Abuse Rule in a sentence

• Tax avoiders who fall foul of the General Anti-Abuse Rule (GAAR) will suffer a penalty set at 60% of the tax due.

• Loan repayments will be allocated first to the Fixed Account until the associated Loan Sub-Account is reduced to zero and then to each Investment Account in the same proportion as the value of the corresponding Loan Sub-Account bears to the value of the Loan Account.

• These conditions mean that tax risk in Poland is higher than in countries with much more stable tax systems.As a consequence, the amounts presented and recognised in financial statements may change in the future as a result of a final decision by a tax authority.On July 15, 2016, changes were introduced to the Tax Ordinance intended to take into account the provisions of General Anti-Abuse Rule (GAAR).

• However, when it comes to the application of the exemption of dividends received from/distributed to EU subsidiaries, the General Anti-Abuse Rule introduced by the Directive 2014/86/EU of 8 July 2014 applies.

• The amendments included a Limitation-On-Benefits (LOB) rule and a General Anti-Abuse Rule (GAAR).

More Definitions of General Anti-Abuse Rule

General Anti-Abuse Rule means the further competition procedure described in paragraph 2 of Framework Schedule 5 (Call Off Procedure); means the legislation in Part 5 of the Finance Xxx 0000 and any future legislation introduced into parliament to counteract tax advantages arising from abusive arrangements to avoid national insurance contributions;

General Anti-Abuse Rule means the legislation in Part 5 of the Finance Xxx 0000; and any future legislation introduced into parliament to counteract tax advantages arising from abusive arrangements to avoid national insurance contributions;

General Anti-Abuse Rule means (a) the legislation in Part 5 of the Finance Act 2013; and (b) any

General Anti-Abuse Rule the legislation in Part 5 of the Finance Act 2013; and any future legislation introduced into Parliament to counteract tax advantages arising from abusive arrangements to avoid national insurance contributions;

General Anti-Abuse Rule has the meaning given to it in Framework Schedule 1 (Definitions);

General Anti-Abuse Rule has the meaning given to it in DMP Schedule 1 (Definitions);

General Anti-Abuse Rule means (a) the legislation in Part 5 of the Finance Act 2013; and (b) any future legislation introduced into parliament to counteract tax advantages arising from abusive arrangements to avoid national insurance contributions. “Good Industry Practice” at any time the exercise of that degree of care, skill, diligence, prudence, efficiency, foresight and timeliness which would be reasonably expected at such time from a leading and expert supplier of services similar to the Services to a customer like DFID, such supplier seeking to comply with its contractual obligations in full and complying with applicable Laws;