Recoverable VAT definition
Recoverable VAT means any amounts paid or payable by or on behalf of the Lessor in respect of Value Added Tax which is not Irrecoverable VAT;
Recoverable VAT has the meaning set forth in Section 2.01(c).
Recoverable VAT means Value Added Tax which is not Irrecoverable VAT;
Examples of Recoverable VAT in a sentence
The Seller shall reasonably promptly provide the Buyer with such supporting documentation and information as the Buyer may reasonably request in connection with the Seller’s determination of Specified Transaction Taxes and Recoverable VAT, which documentation and information shall be provided in a form reasonably satisfactory to the Buyer, acting in good faith.
More Definitions of Recoverable VAT
Recoverable VAT in relation to any person, any amount in respect of VAT which that person (or a member of the same VAT Group as that person) has incurred and in respect of which that person or any other member of the same VAT Group as that person is entitled to a refund (by way of credit or repayment) from any relevant Tax Authority pursuant to and determined in accordance with section 59 of the Value Added Tax Consolidation ▇▇▇ ▇▇▇▇ and any regulations made under that Act;
Recoverable VAT means any VAT other than Irrecoverable VAT;
Recoverable VAT means any VAT paid by a member of the Company Group (or by a group, consolidation or fiscal unity with respect to which a member of the Company Group is a member for VAT purposes, but not the Seller or any of its Affiliates) that is recoverable by a member of the Company Group (or by a group, consolidation or fiscal unity with respect to which a member of the Company Group is a member for VAT purposes, but not the Seller or any of its Affiliates) by way of a cash tax refund from the relevant Taxing Authority or the realization of a cash tax saving.
Recoverable VAT means any VAT to the extent Seller and/or any of its Affiliates (including, for the avoidance of doubt, any Deferred Title Holder) actually receives in cash (or through a reduction of Taxes otherwise payable) a refund, deduction, or credit of such VAT from the relevant Taxing Authority; provided, however, that, notwithstanding anything to the contrary herein, if and to the extent the relevant Taxing Authority subsequently disallows such refund, deduction, or credit, Buyer shall promptly pay to Seller or its Affiliates an amount equal to such disallowed refund, deduction, or credit, except where the disallowance of
Recoverable VAT means any VAT (i) that would reasonably be expected to be recoverable as a VAT credit or refund by a business entity purchasing the relevant Purchased Assets that is formed in the same jurisdiction as the relevant Seller and registered with the appropriate Taxation Authority therein for VAT purposes and (ii) that is charged due to Buyer’s failure to form an entity in a jurisdiction if the formation of an entity in such jurisdiction and the purchase of the Purchased Assets contemplated hereby could otherwise qualify as a transaction that would not be subject to VAT. “Non-Recoverable VAT” shall mean all VAT that is not Recoverable VAT.
Recoverable VAT means Value Added Tax in respect of which a person is entitled to claim a credit or repayment pursuant to sections 24, 25 and 26 of the Value Added Tax Act ▇▇▇▇;
Recoverable VAT means any VAT to the extent Seller and/or any of its Affiliates (including, for the avoidance of doubt, any Deferred Title Holder) actually receives in cash (or through a reduction of Taxes otherwise payable) a refund, deduction, or credit of such VAT from the relevant Taxing Authority; provided, however, that, notwithstanding anything to the contrary herein, if and to the extent the relevant Taxing Authority subsequently disallows such refund, deduction, or credit, Buyer shall promptly pay to Seller or its Affiliates an amount equal to such disallowed refund, deduction, or credit, except where the disallowance of such refund, deduction or credit results from the fraud, willful misconduct or intentional breach of this Agreement by Seller and/or any of its Affiliates.”