PRECOMPTE definition
PRECOMPTE means the "precompte" as defined in article 223 sexies of the French Code General des Impots, or any equivalent tax in any jurisdiction or replacing the above provided in each case that such tax is a final liability and is not refundable.
Examples of PRECOMPTE in a sentence
The Company shall not be entitled to any indemnification resulting from its exit from the Seller's tax group with respect to (i) net operating losses and capital losses carry overs which the Company might have surrendered in the past to the Seller's tax group and (ii) the use of distributable income not subject to the "PRECOMPTE" for distributions made prior to Closing.