Tax Group Tax definition

Tax Group Tax means a Tax liability with respect to which a Tax Group of which the applicable indemnified party is a member has liability in respect thereof.

Examples of Tax Group Tax in a sentence

  • Restricted Tax Group Tax Losses cannot be utilised against Taxable Income attributable to Subsidiaries which joined the Tax Group after the Tax Losses arose.253 If there are several Subsidiaries to which this applies, it is possible to limit this restriction to the net amount of Taxable Income attributable to such Subsidiaries.

  • A New Xxxxxxxx Tax Group Tax Act shall mean any action set forth on Schedule 3.02(a) hereof.

  • If a Tax Loss is transferred to the Tax Group, this can only be utilised after utilisation of any pre-Grouping Tax Losses, restricted Tax Group Tax Losses and other Tax Losses of the Tax Group.269 263 Article 42(7)(a) of the Corporate Tax Law.264 Article 42(7)(b) and Article 42(8) of the Corporate Tax Law.265 Article 42(8) of the Corporate Tax Law.

  • If a Subsidiary joins a Tax Group, its existing unutilised Tax Losses become pre- Grouping Tax Losses that can only be offset against the Taxable Income of the Tax Group insofar as this income is attributable to the relevant Subsidiary.237 Existing unutilised Tax Losses of an existing Tax Group cannot be used against the Taxable Income of a Subsidiary that has joined the existing Tax Group after the Tax Losses were incurred (“restricted Tax Group Tax Losses”).

  • Tab through the fields to review information in the Accepted Quantity, Approved Quantity, U/M (Unit of Measure), Unit Price, Approved Amounts, Final Pay indicator, Last Receiver indicator, Tolerance Override indicator, Discount Amount, Additional Amount, Tax Group, Tax Amount, and Net Amount fields.

  • What action was taken to obtain and check the Income Tax, Group Tax, Sales Tax and VAT records of Banora Trading Limited and to check that both the stationery and payment obligations in respect of them were current and up to date.

  • Example 20: Restricted Tax Group Tax Losses Company A (as Parent Company) and Company B (as Subsidiary) are in a Tax Group as of 1 January 2024.

  • If another Subsidiary subsequently joins the Tax Group, the Tax Losses could become restricted Tax Group Tax Losses.

  • The Tax Group Tax Returns described in the first sentence of this Section 8.5(a) shall be filed in a manner consistent with the draft “stand alone” portions of the Tax Returns specified in clause (y), as adjusted for comments provided by the Company pursuant to the previous sentence.

  • Where a Subsidiary leaves a Tax Group, Tax Losses of the Tax Group shall remain with the Tax Group, with the exception of any unutilised pre-Grouping Tax Losses of the relevant Subsidiary.

Related to Tax Group Tax

  • Tax Group means any federal, state, local or foreign consolidated, affiliated, combined, unitary or other similar group of which the Acquiror Company is now or was formerly a member.

  • Transaction Tax Deductions means any Tax deductions relating to (i) the Company Transaction Expenses, and (ii) repayment of the Indebtedness, including any unamortized deferred financing fees in connection with the Indebtedness.

  • Transaction Taxes has the meaning set forth in Section 2.6.

  • Tax Liability means the total taxes due to a municipal corporation for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.

  • Assumed Tax Liability means, with respect to any Member, an amount equal to the excess of (i) the product of (A) the Distribution Tax Rate multiplied by (B) the estimated or actual cumulative taxable income or gain of the Company, as determined for federal income tax purposes, allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, less prior losses of the Company allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, in each case, as determined by the Manager and to the extent such prior losses are available to reduce such income over (ii) the cumulative Tax Distributions made to such Member after the closing date of the IPO pursuant to Sections 4.01(b)(i), 4.01(b)(ii) and 4.01(b)(iii) and, if applicable with respect to such Fiscal Year, pursuant to Section 4.1(a) of the Previous LLC Agreement; provided that, in the case of the Corporation, such Assumed Tax Liability (x) shall be computed without regard to any increases to the tax basis of the Company’s property pursuant to Sections 734(b) or 743(b) of the Code and (y) to the extent permitted under the Credit Agreements and applicable Law, shall in no event be less than an amount that will enable the Corporation to meet both its tax obligations and its obligations pursuant to the Tax Receivable Agreement for the relevant Taxable Year; provided further that, in the case of each Member, and for the avoidance of doubt, such Assumed Tax Liability shall take into account any Code Section 704(c) allocations (including “reverse” 704(c) allocations) to the Member.

  • Income Taxes means any Tax which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (i) of this sentence.

  • Tax Liabilities means all liabilities for Taxes.

  • Seller Taxes has the meaning set forth in Section 11.1(f).

  • Transaction Payroll Taxes means the employer portion of any payroll or employment Taxes incurred or accrued with respect to any bonuses, option exercises, payments to employee stock option holders or other compensatory payments made in connection with the transactions contemplated by this Agreement.

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Distribution Taxes means any Taxes incurred as a result of the failure of the Intended Tax-Free Treatment of the Internal Restructuring, the Controlled Transfer or the Distribution.

  • Other Tax means any Federal Other Tax, State Other Tax, or Foreign Other Tax.

  • Actual Tax Liability means, with respect to any Taxable Year, the liability for Covered Taxes of the Corporation (a) appearing on Tax Returns of the Corporation for such Taxable Year and (b) if applicable, determined in accordance with a Determination (including interest imposed in respect thereof under applicable law).

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom but excluding, for the avoidance of doubt, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.

  • Tax or Taxes means any federal, state, provincial, local, foreign or other tax (including any income tax, franchise tax, capital gains tax, gross receipts tax, value-added tax, surtax, estimated tax, excise tax, ad valorem tax, transfer tax, stamp tax, sales tax, use tax, property tax, withholding tax or payroll tax), and any related fine, penalty or interest, imposed, assessed or collected by or under the authority of any governmental body, whether disputed or not.

  • Straddle Tax Period means a Tax period that begins on or before the Closing Date and ends after the Closing Date.

  • Tax Losses has the meaning assigned to such term in Section 7.1(a).

  • Tax Period means, with respect to any Tax, the period for which the Tax is reported as provided under the Code or other applicable Tax Law.

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • Taxable Period means any taxable year or any other period that is treated as a taxable year with respect to which any Tax may be imposed under any applicable statute, rule or regulation.

  • Income Tax Return means any return, declaration, report, claim for refund, or information return or statement relating to Income Taxes, including any schedule or attachment thereto, and including any amendment thereof.

  • Pre-Distribution Tax Period means any taxable period (or portion thereof) that ends on or before the Distribution Date.

  • Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.

  • Tax Detriment means any item of income, gain, recapture of credit or any other Tax Item which increases Taxes paid or payable.