PIS/COFINS definition
Examples of PIS/COFINS in a sentence
A reduction in Tax will be considered to be realized for purposes of this Section 2.07 at the time that the applicable Tax Return is filed on which such Closing Date ICMS/IPI Tax Credits, Closing Date PIS/COFINS Tax Credits or Closing Date Net Operating Loss Carryover is taken into account and the amount of the reduction shall equal 100% of any Closing Date ICMS/IPI Tax Credits and Closing Date PIS/COFINS utilized and 34% of any Closing Date Net Operating Loss Carryovers recognized, as applicable.
The Purchaser shall provide to Seller a statement of the amount of any Closing Date ICMS/IPI Tax Credits, Closing Date PIS/COFINS Tax Credits and Closing Date Net Operating Loss Carryovers realized, together with supporting calculations and details, on an annual basis (or, in the case of Closing Date ICMS/IPI Tax Credits or Closing Date PIS/COFINS Tax Credits if requested by the Seller, on a quarterly basis).
Subject to the provisions of Clause 11.7 which apply in relation to the conduct of PIS/COFINS claim, the Purchaser and the Target Group Companies will not be required to recover a Corresponding Saving or to determine that a matter is an Overprovision or take action against any Governmnental Entity to recover a Corresponding Saving or determine that a matter is an Overprovision unless the Purchaser agrees.
Qualytextil must present to Lakeland, certified by the chief financial officer of Qualytextil, monthly, the calculation of the monthly values that should be paid of PIS/COFINS, within 20 days of the following month.
From the date of this Agreement until the Closing Date, Parent and Seller will use their respective reasonable best efforts to (and Seller will cause the Entities to) obtain as promptly as reasonably practicable a final and non-appealable Order from a Governmental Authority of competent jurisdiction recognizing that the applicable borrowers under the Intercompany Notes are entitled to the PIS/COFINS credits arising from the PIS/COFINS Credits Claim (the “Discharge Tax Decision”).
Upon changes in legislation granting incentives with retroactive date, the supplier must return to Petrobras such amounts paid, regarding IPI, ICMS, PIS/PASEP, COFINS or any others, as called for in legislation, allowing discount of credits that must be returned, at the prices of the items of this order includes PIS/COFINS at a rate of 9.25%.
Parent shall cooperate with any reasonable requests of Purchaser with respect to information or actions related to the PIS/COFINS Credits Claim, Discharge Tax Decision and any other act described in this Section 8.15.
Lakeland will assign any remaining PIS/COFINS credits back over to Qualytextil when the Loan is paid in full.
In this sense, referred payments shall be added by the current and future amounts corresponding to any taxes that accrue, may accrue or are understood as due, including, not limited to, the amounts corresponding to the Corporate Income Tax – IPRJ, Taxes on Services of any Nature – ISSQN, Contribution to the Social Integration Plan and Formation of Estate of the Public Servant – PIS/COFINS and Tax on Financial Operations – IOF, as applicable.
You agree to pay any sales, use, value added, consumption, ISS, PIS/COFINS and any similar taxes in addition to the fees when such payments are due.