tax paid definition

tax paid means the amount of tax paid by such person or dealer, after the adjustment of set-off.]
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tax paid means CA excise taxes
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tax paid means the sales or use tax paid to a state by either the seller or the purchaser when the purchase of that product is taxable in that state and the sale was properly sourced based on the state’s sourcing rules. Tax paid includes the tax paid by the purchaser directly to a subsequent state because the purchaser moved the property to a different state. Tax paid excludes the portion of tax eligible for a credit or refund.A state may include in the tax paid, the tax paid by the purchaser directly to a subsequent state because the purchaser moved the property to a subsequent state. A state that includes tax paid to a subsequent state must indicate so on the Credit Tax Matrix.
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More Definitions of tax paid

tax paid means Tax Expense less (plus) the net increase (decrease) in the deferred Tax liability of the Group during the Relevant Period less (plus) the net increase (decrease) in the current Tax liability of the Group during the Relevant Period less (plus) the net decrease (increase) in the anticipated Tax assets (including imposta sostitutiva) of the Group during the Relevant Period less (plus) the net decrease (increase) in the current Tax assets of the Group during the Relevant Period.
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tax paid means the tax that was (1) paid and (2) previously due from either the seller or the purchaser when the sale of that product is taxable in that state and it was properly sourced based on that state’s sourcing rules. “Tax paid” includes tax that was (1) paid and (2) previously due from the purchaser (or seller, if applicable) because the purchaser moved the product to a different jurisdiction. “Tax paid” does not include the portion of tax paid that is currently eligible for a credit or refund or tax paid that is eligible for refund under a tax-incentive program or agreement
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tax paid means Tax Expense less (plus) the net increase (decrease) in the deferred Tax liability of the Group during the Relevant Period,
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tax paid means California excise taxes have been paid on cigarettes and OTP.‌
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tax paid means that throughout the entire Bond Term of your investment, Futurity (rather than you) will pay Fund Tax on your Bond’s ongoing investment earnings as explained on p.39 of this PDS.
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tax paid means that during the accumulation phase of superannuation or an insurance bond, the
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Related to tax paid

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

  • Tax Payment means either the increase in a payment made by an Obligor to a Finance Party under Clause 12.2 (Tax gross-up) or a payment under Clause 12.3 (Tax indemnity).

  • 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.

  • 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.

  • Tax Refund means a refund of Taxes previously paid and any overpayment interest within the meaning of Section 6611 of the Code or any similar provision under applicable Tax Law (whether paid by way of a refund or credited against any liability for related Taxes).

  • Tax return preparer means any individual described in Section 7701(a)(36) of the Internal Revenue Code and 26 C.F.R. 301.7701-15 .

  • Straddle Tax Period means any taxable period beginning on or before and ending after the Closing Date.

  • Tax Package has the meaning assigned in Section 6.01(b);

  • Tax Benefit means any refund, credit, or other reduction in otherwise required Tax payments.

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

  • Combined Tax Return means a Tax Return filed in respect of U.S. federal, state, local or non-U.S. income Taxes for a Combined Group, or any other affiliated, consolidated, combined, unitary, fiscal unity or other group basis (including as permitted by Section 1501 of the Code) Tax Return of a Combined Group.

  • Income Taxes means any taxes measured, in whole or in part, by net or gross income or profits together with any interest, penalties or additions to tax.

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

  • Tax Detriment means an increase in the Tax liability (or reduction in refund or credit or any item of deduction or expense) of a Taxpayer for any taxable period. Except as otherwise provided in this Agreement, a Tax Detriment shall be deemed to have been realized or incurred from a Tax Item in a taxable period only if and to the extent that the Tax liability of the Taxpayer for such period, after taking into account the effect of the Tax Item on the Tax liability of such Taxpayer in the current period and all prior periods, is more than it would have been had such Tax liability been determined without regard to such Tax Item.

  • Tax Benefit Schedule is defined in Section 2.02 of this Agreement.

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

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

  • 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.

  • Tax Group has the meaning set forth in Section 7.06(h)(iii).

  • Tax Authority means, with respect to any Tax, the governmental entity or political subdivision, agency, commission or authority thereof that imposes such Tax, and the agency, commission or authority (if any) charged with the assessment, determination or collection of such Tax for such entity or subdivision.

  • Tax Loss means the taxable income or tax loss of the Trust, determined in accordance with Section 703(a) of the Code, for each Fiscal Year as determined for federal income tax purposes, together with each of the Trust's items of income, gain, loss or deduction which is separately stated or otherwise not included in computing taxable income and tax loss.

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

  • Tax roll means a permanent record of the taxes charged on property, as extended

  • Tax Refunds means refunds of any Cash paid by the Participating CCAA Parties on account of Taxes, refunded to such Participating CCAA Parties from time to time by the applicable Taxing Authorities;

  • Straddle Period means any Tax period beginning before or on and ending after the Closing Date.