Income Tax Withholding Amount definition

Income Tax Withholding Amount means an amount equal to the amount of Tax that the Purchaser, any member of the Purchaser Group or a Group Company is required by Law to account for to a Tax Authority in respect of any payment, or the issuance of Purchaser Stock or Milestone Consideration Loan Notes, contemplated by Schedule 7 (Milestone Consideration) (including, for the avoidance of doubt, any such Tax collected pursuant to the PAYE regime);
Sample 1
Income Tax Withholding Amount the portion of the Share Purchase Price that CMCC is obligated to withhold and pay to the Japanese government pursuant to Article 212, paragraph 3, Article 174, paragraph 1, item 2, Article 25, paragraph 4, item 4 of the Income Tax Act.
Sample 1

Examples of Income Tax Withholding Amount in a sentence

  • The Purchaser shall procure that any Income Tax Withholding Amount and/or Employer’s NICs Liability which is deducted by way of set off pursuant to this paragraph 8.1 shall be paid to the relevant Tax Authority.

  • The Purchaser shall allocate the Income Tax Withholding Amount or Employer’s NICs liability to the relevant Vendors and the Vendors’ Representative and the Vendors agree to reasonably cooperate, upon request by the Purchaser, in connection with such allocation.

Related to Income Tax Withholding Amount

  • Applicable Withholding Taxes means the minimum aggregate amount of federal, state and local income and payroll taxes that the Company is required by applicable law to withhold in connection with any Incentive Award.

  • Withholding Taxes means any taxes, including, but not limited to, social security and Medicare taxes and federal, state and local income taxes, required to be withheld under any applicable law.

  • Swiss Withholding Tax Act means the Swiss Federal Act on the Withholding Tax of 13 October 1965 (Bundesgesetz über die Verrechnungssteuer), together with the related ordinances, regulations and guidelines, all as amended and applicable from time to time.

  • Withholding Tax means any tax, deduction, levy or similar payment obligation that is required to be deducted or withheld from a payment under Applicable Law. Annex 1 – Data Processing

  • Required Withholding Amount has the meaning specified in Section 5 of this Agreement.

  • FATCA Withholding Tax means any withholding or deduction required pursuant to FATCA.

  • Swiss Withholding Tax means taxes imposed under the Swiss Withholding Tax Act.

  • Withholding means the retention of aid payments.

  • FATCA Withholding means any withholding or deduction required pursuant to an agreement described in section 1471(b) of the Code, or otherwise imposed pursuant to sections 1471 through 1474 of the Code, any regulations or agreements thereunder, any official interpretations thereof, or any law implementing an intergovernmental approach thereto.

  • Income Taxes means any Tax which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (i) of this sentence.

  • Income Tax Act means the Income Tax Act (Canada), as amended from time to time;

  • Excluded Withholding Taxes means (i) withholding Taxes imposed by the United States except to the extent that such United States withholding Taxes are imposed or increased as a result of any change in applicable law (excluding from change in applicable law for this purpose a change in an applicable treaty or other change in law affecting the applicability of a treaty) after the date hereof, or in the case of a successor Liquidity Provider (including a transferee of an Advance) or Facility Office, after the date on which such successor Liquidity Provider obtains its interest or on which the Facility Office is changed, (ii) any withholding Taxes imposed by the United States which are imposed or increased as a result of the Liquidity Provider failing to deliver to the Borrower any certificate or document (which certificate or document in the good faith judgment of the Liquidity Provider it is legally entitled to provide) which is reasonably requested by the Borrower to establish that payments under this Agreement are exempt from (or entitled to a reduced rate of) withholding Tax and (iii) Taxes imposed under Sections 1471 through 1474 of the Internal Revenue Code of 1986, as amended.

  • Income Tax Return means any Tax Return relating to Income Taxes.

  • Income Tax means any federal, state, local, or foreign income tax, including any interest, penalty, or addition thereto, whether disputed or not.

  • Income Tax Expense means, with respect to the Borrowers, for any period, the aggregate, without duplication, of all Taxes on the income of such Person for such period, whether current or deferred, determined on a Modified Consolidated Basis.

  • Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.

  • Excise Tax Act means the Excise Tax Act (Canada);

  • Tax Distribution Amount means, with respect to a Member’s Units, whichever of the following applies with respect to the applicable Tax Distribution, in each case in amount not less than zero:

  • 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.

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

  • Transaction Payroll Taxes means all employer portion payroll or employment Taxes incurred in connection with any bonuses, option cash-outs or other compensatory payments in connection with the Transactions.