VAT Claim definition

VAT Claim means TFM's claim against the Mexican Treasury for the refund of a value added tax payment in the original principal amount of 2,111,111,790 pesos.
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VAT Claim means a Tax Claim in respect of VAT;
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VAT Claim means any assessment, notice, demand, letter or other document issued or action taken by or on behalf of any Tax Authority from which it appears that any VAT Indemnified Person is or may be subject to a VAT liability (including interest and penalties) for which the VAT Indemnifying Persons are or may be liable under Clause 6.1;
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Examples of VAT Claim in a sentence

  • If the VAT Payment exceeds the Put Purchase Price as calculated on the date that the VAT Payment is received, KCS shall pay or cause TFM to pay to TMM within 90 days after the VAT Payment and Final Resolution of the VAT Claim the first $25,000,000 received above the Put Purchase Price, and 15% of any additional amount received above the Put Purchase Price beyond the first $25,000,000 (but such 15% payment shall not exceed $50,000,000).

  • As part of the services to be performed under the Consulting Agreement, Consultant shall have the right to, and shall, manage the negotiation, prosecution and settlement of the VAT Claim and any extensions or other modifications of the obligations under the Put.

  • NAFTA VAT ClaimOn March 31, 2023, the Company filed a new Notice of Intent on its own behalf and on behalf of PEM under Chapter 11 of NAFTA to invite the Government of Mexico to engage in discussions to resolve the dispute regarding the ongoing denial of access to PEM’s VAT refunds ("NAFTA VAT Claim") within the stipulated 90-day consultation period.

  • In any case where there is outstanding debt, customers are informed that the VAT Claim will be automatically used to offset those liabilities ahead of the offset instruction(s) provided.

  • On June 29, 2023, the Company submitted its Request for Arbitration for the NAFTA VAT Claim to ICSID in order to preserve its legacy claim within NAFTA's applicable limitation period.


More Definitions of VAT Claim

VAT Claim means the Company’s claim for a refund, credit or other payment of amounts of value added tax previously paid by the Company to Mexico.
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VAT Claim shall have the meaning set forth in Section 1.04 of the Agreement.
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VAT Claim means a claim asserted by the Buyer in respect of, or arising in connection with a Third Party Claim caused by, a violation of any of the VAT Representations.
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VAT Claim means a claim against the Seller for breach of or under Clause 7.3.2; “Vendor Model” means the financial model produced for the purposes of the NGGH Transfer and contained in the Data Room (document 27.1.2.3); “Voting Power of Attorney” means the power of attorney in the Agreed Form to be executed by the Seller in favour of XxxX MidCo to enable XxxX MidCo (pending registration of the
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VAT Claim means any correspondence or dispute or potential dispute with (or claim by) HM Revenue & Customs as to (i) whether VAT or insurance premium tax should have been (or should be) accounted for in connection with any amount paid to the Company by its customers in order to reduce the excess which applies to them in the event of certain accidents and (ii) the quantum of any liability arising in respect of the same.
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VAT Claim means the claim being pursued at the date of this Agreement by Premex Services Limited, Premex Services (Liverpool) Limited and Xxxxxxx Medical Reporting Service Limited in accordance with the Francovich principles for damages against the Treasury and HMRC in respect of the impact on such Companies of the UK Government’s failure to change UK VAT law following the EC Sixth VAT Directive and the principal EC VAT Directive in the sum of approximately £1.75 million plus compound interest
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VAT Claim means (a) the claims set out in Schedule 6 (and any subsequent appeal of such claims or part of such claims) lodged by PricewaterhouseCoopers LLP on behalf of the Group Companies as well as Lil-Lets UK Limited and Xxxxx and Nephew Limited with H.M. Revenue & Customs on 31 March 2009 to reclaim overpaid VAT (including interest) in relation to sales promotions, business entertainment, marketing expenditure and car-fleet bonus payments in connection with the activities of the Group Companies as well as Lil-Lets UK Limited and Xxxxx and Nephew Limited and (b) Claim No. HC09C04047 of the High Court of England and Wales which was issued on 26 October 2009;
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