Withheld Tax definition

Withheld Tax shall have the meaning assigned to it in Section 3.5(e).
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Withheld Tax means tax withheld from the Fund or paid over by the Fund, in each case, directly or indirectly, with respect to or on behalf of a Shareholder, and interest, penalties and/or any additional amounts with respect thereto, including a tax that is determined based on the status, action or inaction (including the failure of a Shareholder to timely provide information to eliminate or reduce withholding or other taxes) of a Shareholder. The “High Water Mark” of a Series of Shares is the Net Asset Value of that Series immediately following the date as of which the last Performance Fee earned with respect to such Series was determined (or if no Performance Fee has yet been determined with respect to such Series, the Net Asset Value of such Series at the initial issuance of such Series) reduced by any Withheld Tax accrued or paid subsequent to either such date and adjusted, if necessary, for any redemption of Shares in the Series. The Performance Fee will accrue as of 31 December of each calendar year,and will be paid in the event (i) a Shareholder redeems its initial subscription following the expiration of the Lock-Up Period or (ii) once initial capital has been returned to investors on any amounts distributed in excess of initial capital. The Performance Fee will also be paid with respect to the relevant Shares on such other dates that there is a redemption of Shares following the expiry of the Lock-Up Period, the termination of the Investment Management Agreement and upon the winding-up of the Fund. If a Performance Fee is payable in respect of more than one Series of Shares of the same Class in respect of a calendar year, the Fund may elect to merge the Series concerned as from the beginning of the following calendar year. This is effected by exchanging the Shares of one Series for the issue of Shares of the other, on a basis which reflects the respective Net Asset Values of the Series concerned. Shares in one currency will not be merged with Shares of another currency or vice versa. No Series of Shares may be merged in such manner if a Performance Fee is not payable with respect to such Series. The Performance Fee is payable by the Fund to the Investment Manager as soon as practicable after it becomes due. Fee Rebates: The Investment Manager may, in its sole discretion, rebate all or part of its fees. Series Roll-Up: Issued and outstanding Series may be periodically redesignated and converted into another Series of the same Class Shares (after taking into acco...
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Withheld Tax means in respect of an Underlying an amount equal to any German capital gains tax (Kapitalertragsteuer – KapESt) and solidarity surcharge (Solidaritätszuschlag) withheld by the Insurer in accordance with German tax law as calculated in respect of each Note.
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Examples of Withheld Tax in a sentence

  • Preliminary Withheld Tax on Interest If amounts that are considered to be interest for Swedish tax purposes are paid by a legal entity domiciled in the Kingdom of Sweden (including a Swedish branch) to a private individual (or an estate of a deceased individual) tax resident in Sweden, Swedish preliminary taxes are normally withheld at a rate of 30 per cent.

  • Withholding Tax and Preliminary Withheld Tax on Interest There is no withholding tax in the Kingdom of Sweden on interest payments to Holders that are not tax resident in the Kingdom of Sweden.

  • Rand also cuts out almost every breach of the fourth wall that appears in the Reeid edition.

  • The Buyer shall transfer the Withheld Tax Amount to the relevant Target Group Company for processing through the payroll system of such Target Group Company and only the excess of such Seller’s Closing Cash Consideration over the Withheld Tax Amount, if any, shall be paid to such Seller in accordance with Section 2.3(a).

  • Greg Myre, Israel Releases Withheld Tax Funds to Abbas’ Office, N.Y. TIMES (Jan.

  • I n ge n e ra l , g ra des G S–9 an d below ar e a ssis t an t s an d t ra i n ees w h ile g ra des G S–11 an d a bove ar e p r o- fessio na ls a t t h e fu ll pe r fo r m an ce level.

  • The IRS is soliciting comments concerning Form 945 Annual Return of Withheld Federal Income Tax, Form 945–A Annual Record of Federal Tax Liability, Form 945–X Adjusted Annual Return of Withheld Federal Income Tax or Claim for Refund and TD 8672 Reporting of Non-payroll Withheld Tax Liabilities.DATES: Written comments should be received on or before October 30, 2017 to be assured of consideration.ADDRESSES: Direct all written comments to L.

  • For the avoidance of doubt, in the event that the Withheld Tax Amount exceeds a Seller’s Closing Cash Consideration, the relevant KPI Stockholder shall reimburse such shortfall on the Withheld Tax Amount to the relevant Target Group Company and the Buyer shall have no liability or responsibility to increase the proportion of the consideration payable in cash.

  • Errors in Withheld Tax Payments Corrected - 2016-002 Material Weakness Noncompliance Incorrect Transfer of Funds Corrected - 2016-003 Significant Deficiency Noncompliance Allocation of Wages to Funds Corrected - Management letter recommendations have been corrected, repeated, or procedures instituted to prevent occurrences in this audit period.

  • Payment of Withheld Tax Article 31 The tax that is to be withheld in accordance with the provisions of this Chapter is to be remitted to the Public Revenues Account at the moment of payment of revenues subjected to withholding tax.


More Definitions of Withheld Tax

Withheld Tax means tax withheld from the Fund or paid over by the Fund, in each case, directly or indirectly, with respect to or on behalf of a Shareholder, and interest, penalties and/or any additional amounts with respect thereto, including a tax that is determined based on the status, action or inaction (including the failure of a Shareholder to timely provide information to eliminate or reduce withholding or other taxes) of a Shareholder.
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Withheld Tax means tax withheld from the Fund or paid over by the Fund, in each case, directly or indirectly, with respect to or on behalf of a Shareholder, and interest, penalties and/or any additional
Sample 1

Related to Withheld Tax

  • Indemnified Tax means (a) any Tax other than an Excluded Tax and (b) to the extent not otherwise described in clause (a), Other Taxes.

  • Applicable Taxes means the Goods and Services Tax (GST), the Harmonized Sales Tax (HST), and any provincial tax, by law, payable by Canada such as, the Quebec Sales Tax (QST) as of April 1, 2013.

  • FATCA Withholding Tax means any withholding or deduction required pursuant to FATCA.

  • Withholding Tax means any tax, deduction, levy or similar payment obligation that is required to be deducted or withheld from a payment under Applicable Law. Annex 1 – Data Processing

  • input tax , in relation to a vendor, means—

  • FATCA Withholding means any withholding or deduction required pursuant to an agreement described in section 1471(b) of the Code, or otherwise imposed pursuant to sections 1471 through 1474 of the Code, any regulations or agreements thereunder, any official interpretations thereof, or any law implementing an intergovernmental approach thereto.

  • 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).

  • Base Taxes means the Taxes payable for the Base Tax Year.

  • Use tax means a nonrecurring tax, other than a sales tax, which (a) is imposed on or with respect to the exercise or enjoyment of any right or power over tangible personal property incident to the ownership, possession, or custody of that property or the leasing of that property from another including any consumption, keeping, retention, or other use of tangible personal property, and (b) is complementary to a sales tax.

  • Covered Taxes means any and all U.S. federal, state, local and foreign taxes, assessments or similar charges that are based on or measured with respect to net income or profits, whether as an exclusive or an alternative basis (including for the avoidance of doubt, franchise taxes), and any interest imposed in respect thereof under applicable law.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Withholding Taxes means any taxes, including, but not limited to, social security and Medicare taxes and federal, state and local income taxes, required to be withheld under any applicable law.

  • Swiss Withholding Tax means taxes imposed under the Swiss Withholding Tax Act.

  • Estimated taxes means the amount that the taxpayer reasonably estimates to be the taxpayer's tax liability for a municipal corporation's income tax for the current taxable year.

  • Applicable Tax Law means any foreign, federal, state or local tax law, statute, regulation, rule, code or ordinance enacted, adopted, issued or promulgated by any Governmental Body or common law that apply to any party hereto, this Agreement or the activities contemplated hereby, as applicable.

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • State tax means any State Income Taxes or State Other Taxes.