Italian Substitute Tax definition

Italian Substitute Tax or “Imposta Sostitutiva” means the imposta sostitutiva (at the then applicable rate of tax) pursuant to Legislative Decree No. 239, or any related implementing regulations, or successors thereto.
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Examples of Italian Substitute Tax in a sentence

  • This status will remain until such position is transferred in compliance with the applicable transfer and exchange procedures laid out in the offering memorandum for the securities, including, without limitation, payment of the Italian Substitute Tax on any interest accrued, but not yet paid, until the settlement date of a prospective transfer.

  • Certificate of Residence Eligible (CORE)any interest, including any original-issue discount accrued, but not yet paid, until the settlement date of a prospective transfer, as more fully described in the offering circular.o The holder of the non-exempt position will be required to pay Italian Substitute Tax for the period when such position was held in the 144A X Receipt.

  • In an event such as this, the DTC Participant would receive the interest payments on the entire position held on behalf of all beneficial owner clients net of the Italian Substitute Tax, and relief would need to be obtained directly from the Italian tax authorities, in accordance with Italian law.

  • In an event such as this, the DTC participant would receive the interest payments on the entire position held on behalf of all beneficial owner clients net of the Italian Substitute Tax, and relief would need to be obtained directly from the Italian tax authorities, in accordance with Italian law.

  • This status will continue until and unless such position is transferred in compliance with the applicable transfer and exchange procedures laid out in the offering circular for the securities, including, without limitation, payment of the Italian Substitute Tax on any interest (including OID) accrued but not yet paid, until the settlement date of a prospective transfer.

  • Italian Substitute Tax, and any applicable penalties, interest or past due tax amounts will be transmitted by Monte Titoli to the Italian Tax Authority as required by applicable law.

  • In such event, the DTC participant would receive the interest payments on the entire position held on behalf of all beneficial owner clients net of the Italian Substitute Tax and relief would need to be obtained directly from the Italian tax authorities, in accordance with Italian law.

  • In such event, the DTC Participant would receive the interest payments on the entire position held on behalf of all beneficial owner clients net of the Italian Substitute Tax and relief would need to be obtained directly from the Italian tax authorities, in accordance with Italian law.

  • Interest accrued or paid in respect of N Receipts will be subject to the payment of Italian Substitute Tax, currently at a rate of 26.0%.

  • This status will continue until and unless such position is transferred in compliance with the applicable transfer and exchange procedures laid out in the offering memorandum for the securities, including, without limitation, payment of the Italian Substitute Tax on any interest (including OID) accrued but not yet paid, until the settlement date of a prospective transfer.

Related to Italian Substitute Tax

  • Substitute Check means a paper reproduction of an Item that satisfies the requirements and definition of "substitute check" set forth in Regulation CC.

  • Excluded Transfer means any transfer of VRDP Shares (1) to a TOB Trust in which BANA and/or its Affiliates collectively own all of the residual interests, (2) in connection with a distribution in-kind to the holders of securities of or receipts representing an ownership interest in any TOB Trust in which BANA and/or its Affiliates collectively own all of the residual interests, (3) in connection with a repurchase financing transaction or (4) relating to a collateral pledge arrangement.

  • Qualifying Asset in relation to any Project Financing means:

  • Base taxable value means the agreed value specified in a resolution or interlocal agreement under Subsection 17C-1-102(8) from which tax increment will be collected.

  • Satisfied all applicable zoning laws means: the parcel, lot, or group thereof was created and, if applicable, reconfigured in full compliance with all zoning minimum lot size, dimensional standards, and access requirements.

  • Cumulative Net Loss Test With respect to any Payment Date, a test that will be satisfied if the Cumulative Net Loss Percentage does not exceed the applicable percentage indicated below: Payment Date occurring in the period Percentage December 2015 to November 2016 0.10% December 2016 to November 2017 0.20% December 2017 to November 2018 0.30% December 2018 to November 2019 0.40% December 2019 to November 2020 0.50% December 2020 to November 2021 0.60% December 2021 to November 2022 0.70% December 2022 to November 2023 0.80% December 2023 to November 2024 0.90% December 2024 to November 2025 1.00% December 2025 to September 2026 1.10% October 2026 to November 2027 1.20% December 2027 and thereafter 1.30% Current Accrual Rate: With respect to each Payment Date and any Reference Obligation, the lesser of (i) the related current Accounting Net Yield; and (ii) the related current mortgage rate thereon (as adjusted for any modifications) minus 0.35%.

  • CONTRACT END DATE Contract performance shall terminate as of December 31, 2027, with no new obligations being incurred after this date unless the Contract is properly amended, provided that the terms of this Contract and performance expectations and obligations shall survive its termination for the purpose of resolving any claim or dispute, for completing any negotiated terms and warranties, to allow any close out or transition performance, reporting, invoicing or final payments, or during any lapse between amendments. CERTIFICATIONS: Notwithstanding verbal or other representations by the parties, the “Effective Date” of this Contract or Amendment shall be the latest date that this Contract or Amendment has been executed by an authorized signatory of the Contractor, the Department, or a later Contract or Amendment Start Date specified above, subject to any required approvals. The Contractor certifies that they have accessed and reviewed all documents incorporated by reference as electronically published and the Contractor makes all certifications required under the Standard Contract Form Instructions and Contractor Certifications under the pains and penalties of perjury, and further agrees to provide any required documentation upon request to support compliance, and agrees that all terms governing performance of this Contract and doing business in Massachusetts are attached or incorporated by reference herein according to the following hierarchy of document precedence, the applicable Commonwealth Terms and Conditions, this Standard Contract Form, the Standard Contract Form Instructions and Contractor Certifications, the Request for Response (RFR) or other solicitation, the Contractor’s Response (excluding any language stricken by a Department as unacceptable, and additional negotiated terms, provided that additional negotiated terms will take precedence over the relevant terms in the RFR and the Contractor’s Response only if made using the process outlined in 801 CMR 21.07, incorporated herein, provided that any amended RFR or Response terms result in best value, lower costs, or a more cost effective Contract.

  • Qualifying tax rate means the applicable tax rate for the taxable year for the which the taxpayer paid income tax to a municipal corporation with respect to any portion of the total amount of compensation the payment of which is deferred pursuant to a nonqualified deferred compensation plan. If different tax rates applied for different taxable years, then the “qualifying tax rate” is a weighted average of those different tax rates. The weighted average shall be based upon the tax paid to the municipal corporation each year with respect to the nonqualified deferred compensation plan.

  • SAFE Price means the price per share equal to (x) the Valuation Cap divided by (y) the Fully Diluted Capitalization.

  • credit transfer means a payment service for crediting a payee’s payment account with a payment transaction or a series of payment transactions from a payer’s payment account by the payment service provider which holds the payer’s payment account, based on an instruction given by the payer;

  • Qualifying Property means a primary residence that a qualified applicant owned and occupied

  • Qualifying exigency means a situation where the eligible employee seeks leave for one or more of the following reasons:

  • Rollback tax rate means the rate that will produce last year’s maintenance and operation tax levy (adjusted) from this year’s values (adjusted) multiplied by 1.08 plus a rate that will produce this year’s debt service from this year’s values (unadjusted) divided by the anticipated tax collection rate.

  • Substitution Event means, in respect of a Share, any Nationalization, Insolvency or Delisting in respect of such Share, or any Merger Event or Tender Offer in respect of such Share that is deemed by the Calculation Agent to be a Substitution Event, or an occurrence and continuation for at least eight consecutive applicable Exchange Business Days of a Market Disruption Event in respect of such Share.