Tax Saving definition

Tax Saving means the reduction or elimination of any Tax liability of a Company to the extent that such reduction or elimination would not have occurred but for the payment or discharge by a Company of a Prior Liability; and

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Tax Saving means the reduction or elimination on or before the seventh anniversary of this Deed of any Tax Liability of any member of the Group to the extent that such reduction or elimination would not have occurred but for the payment or discharge by that Group member of a Prior Liability; and

Tax Saving has the meaning ascribed to such term in Clause 10(g).

Examples of Tax Saving in a sentence

• If the Restated Tax Saving Amount is greater than the Tax Saving Amount, the Indemnitee shall promptly pay the Indemnifying Party an amount equal to the difference between such amounts.

• If the Restated Tax Saving Amount is less than the Tax Saving Amount, then the Indemnifying Party shall pay to the Indemnitee an amount equal to the difference between such amounts promptly after receipt of written notice setting forth the amount due and the computation thereof.

• Any Tax Saving Amount calculated under Section 5.3 hereof shall be adjusted in the event of an Audit which results in a Final Determination that increases or decreases the amount of the Indemnifiable Loss Deduction reported on any relevant Tax Return of the Indemnitee.

• Upon receiving a written notice of a Final Determination in respect of an Indemnifiable Loss Deduction, the Indemnitee shall redetermine the Tax Saving Amount attributable to the Indemnifiable Loss Deduction under Section 6.3(b) hereof, taking into account the Final Determination (the "Restated Tax Saving Amount").

• Upon receiving a written notice of a Final Determination in respect of an Indemnifiable Loss Deduction, the Indemnitee shall redetermine the Tax Saving Amount attributable to the Indemnifiable Loss Deduction under Section 5.3 hereof, taking into account the Final Determination (the “Restated Tax Saving Amount”).

More Definitions of Tax Saving

Tax Saving means the amount of any savings obtained by the Contractor during the New Tax System transition period as a result of the New Tax System changes in respect of any supplies under the Contract. Any expression used in this Contract which is defined in the A New Tax System (Goods & Services Tax) Act 1999 (Cth) or in the Competition and Consumer Act 2010 (Cth) has the same meaning in this Contract as so defined.

Tax Saving has the meaning set forth in Section 20.1.

Tax Saving shall also be deemed to include any interest received from a governmental tax authority, net of any federal, state, local or foreign taxes payable thereon.

Tax Saving means any decrease of any assessed Tax, including any increase of loss carry forwards, any depreciable, amortizable or accruable item or amount relevant for the assessment of any present or future Tax, or any corporation tax credit.

Tax Saving means any decrease of any Tax assessed against any of the Companies, including any increase of corporation tax credit (Körperschaftsteuerguthaben) within the meaning of section 37 of the German Corporate Income Tax Act (KStG) or similar tax credits under the tax laws of any other jurisdiction, however, excluding, for the avoidance of doubt, notional tax credits (such as increases of loss carry-forwards, timing differences or potential write-offs).

Tax Saving means an amount which can reasonably be said to represent, in relation to the Division, the amount of Tax from which the Fund is exempt, in a particular year of income, as a result of the exemption from Tax under section 295- 385 or section 295-390 of the Income Tax Assessment Act 1997.

Tax Saving has the meaning given to it in clause 19.2.4;