Tax Authority definition
Examples of Tax Authority in a sentence
Any VAT imposed on the transfers of the Purchased Assets or Assumed Liabilities to Buyer (or any of its Affiliates) for which Buyer (or any of its Affiliates) is required to account to the relevant Tax Authority pursuant to a reverse charge mechanism shall be paid by Buyer (or the relevant Affiliate) to the relevant Tax Authority.
To the extent that amounts are so deducted or withheld, such amounts shall be promptly paid over to the appropriate Tax Authority and shall be treated for all purposes hereunder as having been paid to the Person in respect of which such deduction and withholding was made for all purposes of this Agreement.
The notification shall be made in writing and shall contain necessary information describing the object of the Relevant Tax Proceeding and shall include copies of any Tax assessment notice or other document received from any Tax Authority.
To the extent Entera provides OPKO with a valid withholding certificate issued by the Israel Tax Authority with respect to such payment, OPKO shall not withhold amounts in excess of the rate or amount provided for in such withholding certificate.
Any indemnification payments under Section 10.2 to the extend not limited by Section 10.3 by the Seller shall be made sixty (60) Business Days after the date at which the Seller has been notified in writing by the Purchaser about the payment obligation and has been provided with a copy of the relevant Tax assessment notice, but in no case earlier than five (5) Business Days prior to the date at which the Indemnifiable Tax is due and payable to the Tax Authority.