IRRF definition
Examples of IRRF in a sentence
Buyer shall not have any liability for determining the incidence of the IRRF and, as applicable, for the IRRF calculation.
Likewise, the TE will serve as input to report to the corporate Strategic Plan Integrated Results and Resources Framework (IRRF).
In case of any incorrectness, omission or inaccuracy of the Tax Return for purposes of the IRRF, the CAP I, CAP II, CIPEF VI and CGPE VI shall be required to indemnify the Buyer or any Buyer’s Indemnitee for any and all Losses or Lawsuits incurred or suffered by them pursuant to Section 10.3 (including Section 10.3.1).
In the case of CAP I and CAP II, which are the non-resident in Brazil, the Parties acknowledge that pursuant to the Applicable law, Buyer shall withhold from the portion of the Purchase Price owed to them, the IRRF levied on the amount of the capital gain earned by CAP I and CAP II, if any.
In case of the CAP I and CAP II inform in the Tax Return for purposes of the IRRF that is owed any Tax, Buyer shall withhold the IRRF from the payments which shall be made to CAP I and CAP II and perform the withholding of respective Tax pursuant to the Applicable Law.
Accordingly, the Purchaser shall, prior to Closing, but on the Closing Date, withhold from the portion of the Upfront Amount to be paid to the Non-Brazilian Tax Resident Sellers any and all applicable income Taxes (including the Imposto de Renda Retido na Fonte – IRRF), pursuant to the applicable Brazilian Tax rate, and the Purchaser shall in turn pay any such income Taxes to the Brazilian Tax authorities on the same date.
The invoices/bills of sale shall be issued by Supplier in full conformity with the regulatory requirements, specifically those of a tax nature, duly noting, when applicable, the amounts to be withheld, particularly those in respect Social Security Withheld at the Source - INSS and Income Tax Withheld at the Source - IRRF.
CAP I and CAP II hereby represent and warrant that the Tax Return for purposes of the IRRF, including the information concerning if the sale of Shares of CAP I and CAP II results in any capital gain subject to any Tax and, in an affirmative case, the amount of respective Tax shall be truthful, complete, correct and accurate.
Withholding tax (IRRF) shall be withheld by ENEL and deducted from the amount to be paid to the Contractor.
Non- resident investors shall submit to Serasa, directly or through their custody agents, according to a schedule to be timely defined, a written statement, accompanied by documents proving their average cost of acquisition of their Company’s shares and the country or place of residency or Tax domicile, and ▇▇▇▇▇▇ shall use this information to calculate the IRRF of each non-resident investor related to the Transaction set forth herein, if any (“IRRF Amount”).