Tax Rebates Sample Clauses

Tax Rebates. Reporting Province program expenditures net of tax rebates: The Recipient will report all program expenditures net of any tax rebates or input tax credits. Sample Amount Recipient spent on goods/services $100.00 Amount of tax paid (example 13%) $13.00 Less amount of tax rebate claimed (where rebate equals 80%) -$10.40 Amount of tax expenditure $ 2.60 Amount reported as Province Project expenditure $102.60
Sample 1
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Tax Rebates. (i) The Town shall (1) compute the Town’s annual net revenue from the County’s sales tax attributable to the Grocery Store and (ii) rebate to Hometown every other month (6 times a year) a percentage of such net revenue attributable to the Grocery Store in accordance with the following schedule: 100% of net revenue received by the Town from the County sales tax and attributable to the Grocery Store that is generated in calendar years 2015, 2016, 2017, 2018, 2019 and 2020.
Sample 1
Tax Rebates. An amount equal to fifty percent (50%) of all Dealership Sales Tax Revenue that the City receives (again acknowledging that Dealership Sales Tax Revenue does not include the City's Home Rule Tax). For illustrative purposes: For new and used automobile sales: if the Dealership’s annual sales of automobiles generate a total of $35 million, then the City’s Portion of the State Sales Tax received from IDOR will be $350,000 (less any deduction of the State Administrative Charge) of which FCAR will receive $175,000 (less any deduction of the State Administrative Charge) in Tax Rebate from the City. For auto parts and goods: if the Dealership’s annual sales of goods or parts or other tangible goods subject to the Statewide Sales Tax and the City’s Home Rule Tax generate a total of $2 million, then the City’s Portion of the State Sales Tax received from IDOR will be $40,000 (less any deduction of the State Administrative Charge) of which the FCAR will receive $10,000.
Sample 1
Tax Rebates. (a) The Developer intends to finance the water, sewer, drainage, park and recreational facilities, and roads necessary to develop the Property through the Special District serving the Property. The Developer currently anticipates that the costs to develop the Property with these infrastructure improvements, when combined with the City’s current tax rate would not be financially feasible within the $1.50 tax rate allowed by the rules of the TCEQ and market competition. Therefore, the Parties agree that a partial rebate of the City’s ad valorem tax (the “Tax Rebate”) is required to make the development of the Property financially feasible and competitive.
Sample 1
Tax Rebates. An amount equal to fifty percent (50%) of all Dealership Sales Tax Revenue that the City receives, excluding the City’s Home Rule Sales Tax. For illustrative purposes only: For new and used automobile sales: if the Dealership’s annual sale of automobiles generate a total of $35 million, then the City’s portion of sales tax received from IDOR will be $350,000 (less any deduction of the State administrative cost) of which the FCA will receive $175,000 (less any deduction of the State administrative cost) in tax rebate from the City. For auto parts and goods: if the Dealership’s annual sale of goods or parts or other tangible goods subject to the Statewide Sales Tax and the City’s Home Rule Sales Tax generate a total of $2 million, then the City’s portion of taxes received from IDOR will be $40,000 (less any deduction of the State administrative cost) of which the FCA will receive $10,000.
Sample 1
Tax Rebates. Universal shall be entitled to charge remittance taxes, but shall be obligated to rebate to DW *** of such taxes at the end of the year in which they are withheld, and the remaining *** at the end of the following year.
Sample 1
Tax Rebates. MCA shall be entitled to charge remittance taxes, but shall be obligated to rebate to DW *** of such taxes at the end of the year in which they are withheld, and the remaining *** at the end of the following year;
Sample 1
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Tax Rebates 
Sample 1

Related to Tax Rebates

  • Tax Refunds Any Tax refunds that are received by Buyer, the Company, Newco or the Sold Subsidiaries, and any amounts credited against Taxes to which Buyer, the Company, Newco or the Sold Subsidiaries become entitled in a Tax period ending after the Closing Date, that relate to Pre-Closing Tax Periods or portions thereof of the Company, Newco or the Sold Subsidiaries shall be for the account of Seller. Buyer shall pay over to Seller any such refund received by Buyer or the amount of any such credit, net of all expenses (including Taxes) imposed or incurred by Buyer, Newco, the Company, or the Sold Subsidiaries with respect to such refund or credit, within fifteen (15) calendar days after actual receipt of such refund or application of such credit against Taxes. To the extent that any expense creates a net operating loss in a Pre-Closing Tax Period that can, pursuant to applicable Tax law, be carried back to an earlier taxable period to generate a refund through the amendment of a non-Seller Group Tax Return for a Pre-Closing Tax Period, Buyer, at the sole expense of Seller, shall cause Newco, the Company or the Sold Subsidiaries to amend such Tax Return for such Pre-Closing Tax Period as soon as reasonably practicable after becoming aware of the availability of such refund.

  • Refunds You alone are (and PayPal is not) responsible for: • Your legal and contractual obligations towards the payer for any amount you return to the payer. • Any difference between the cost to the payer of making the original payment and the value of the amount returned to the payer (for instance, as a result of transaction exchange rate fluctuations) except to the extent that the refund is an incorrect payment (see the section on Resolving Problems). See our fees for details of the fees you paid to us as the recipient of the original payment which we retain when you use the special commercial transaction refund functionality in your PayPal account, as we may allow from time to time, except to the extent that the refund is an incorrect payment (see the section on Resolving Problems).

  • Income Tax and Social Insurance Contribution Withholding The following provision shall replace Section 9 of the Agreement: Regardless of any action the Company and the Employer takes with respect to any or all income tax, primary Class 1 National Insurance contributions, payroll tax or other tax-related withholding attributable to or payable in connection with or pursuant to the grant or vesting of any Restricted Shares or the release or assignment of any Restricted Shares for consideration, or the receipt of any other benefit in connection with the Restricted Shares (“Tax-Related Items”), you acknowledge that the ultimate liability for all Tax-Related Items legally due by you is and remains your responsibility. Furthermore, the Company and the Employer: (a) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Restricted Shares, including the grant or vesting of the Restricted Shares, the subsequent sale of any unrestricted Shares and the receipt of any dividends or dividend equivalents; and (b) do not commit to structure the terms of the grant or any aspect of the Restricted Shares to reduce or eliminate your liability for Tax-Related Items. As a condition of the lifting of restrictions on the Restricted Shares upon vesting of the Restricted Shares, the Company and/or the Employer shall be entitled to withhold and you agree to pay, or make adequate arrangements satisfactory to the Company and/or the Employer to satisfy, all obligations of the Company and/or the Employer to account to HM Revenue & Customs (“HMRC”) for any Tax-Related Items. In this regard, you authorize the Company and/or the Employer to withhold all applicable Tax-Related Items legally payable by you from any salary/wages or any other cash compensation payable to you. Alternatively, or in addition, if permissible under local law, you authorize the Company and/or the Employer, at its discretion and pursuant to such procedures as it may specify from time to time, to satisfy the obligations with regard to all Tax-Related Items legally payable by you by one or a combination of the following: (a) withholding otherwise deliverable Shares; (b) arranging for the sale of Shares otherwise deliverable to you (on your behalf and at your direction pursuant to this authorization); or (c) withholding from the proceeds of the sale of Shares acquired upon the vesting of the Restricted Shares. If the obligation for Tax-Related Items is satisfied by withholding a number of Shares as described herein, you shall be deemed to have been issued the full number of Shares subject to the Restricted Shares, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of the Restricted Shares. If, by the date on which the event giving rise to the Tax-Related Items occurs (the “Chargeable Event”), you have relocated to a jurisdiction other than the United Kingdom, you acknowledge that the Company and/or the Employer may be required to withhold or account for Tax-Related Items in more than one jurisdiction, including the United Kingdom. You also agree that the Company and the Employer may determine the amount of Tax-Related Items to be withheld and accounted for by reference to the maximum applicable rates, without prejudice to any right which you may have to recover any overpayment from the relevant tax authorities. You shall pay to the Company or the Employer any amount of Tax-Related Items that the Company or the Employer may be required to account to HMRC with respect to the Chargeable Event that cannot be satisfied by the means previously described. If payment or withholding is not made within 90 calendar days of the Chargeable Event or such other period as required under U.K. law (the “Due Date”), you agree that the amount of any uncollected Tax-Related Items shall (assuming you are not a director or executive officer of the Company (within the meaning of Section 13(k) of the U.S. Securities and Exchange Act of 1934, as amended), constitute a loan owed by you to the Employer, effective on the Due Date. You agree that the loan will bear interest at the then-current HMRC Official Rate and it will be immediately due and repayable, and the Company and/or the Employer may recover it at any time thereafter by any of the means referred to above.

  • Tax Benefit Payments Section 3.1 Payments 12 Section 3.2 No Duplicative Payments 13

  • Treatment of Tax Indemnity and Tax Benefit Payments In the absence of any change in Tax treatment under the Code or other applicable Tax Law,

  • INCOME TAX RETURNS Borrower has no knowledge of any pending assessments or adjustments of its income tax payable with respect to any year.

  • Tax Returns and Tax Payments (i) The Company has timely filed with the appropriate taxing authorities all Tax Returns required to be filed by it (taking into account all applicable extensions). All such Tax Returns are true, correct and complete in all respects. All Taxes due and owing by the Company has been paid (whether or not shown on any Tax Return and whether or not any Tax Return was required). The Company is not currently the beneficiary of any extension of time within which to file any Tax Return or pay any Tax. No claim has ever been made in writing or otherwise addressed to the Company by a taxing authority in a jurisdiction where the Company does not file Tax Returns that it is or may be subject to taxation by that jurisdiction. The unpaid Taxes of the Company did not, as of the Company Balance Sheet Date, exceed the reserve for Tax liability (excluding any reserve for deferred Taxes established to reflect timing differences between book and Tax income) set forth on the face of the financial statements (rather than in any notes thereto). Since the Company Balance Sheet Date, neither the Company nor any of its subsidiaries has incurred any liability for Taxes outside the ordinary course of business consistent with past custom and practice. As of the Closing Date, the unpaid Taxes of the Company and its subsidiaries will not exceed the reserve for Tax liability (excluding any reserve for deferred Taxes established to reflect timing differences between book and Tax income) set forth on the books and records of the Company.

  • Income Tax Allocations (a) Except as provided in this Section 4.3, each item of income, gain, loss and deduction of the Company for federal income tax purposes shall be allocated among the Members in the same manner as such items are allocated for Capital Account purposes under Section 4.1 and Section 4.2.

  • Company Tax Returns The Company shall file all tax returns, if any, required to be filed by the Company.

  • Rebates Premium rebates given by the Employment Insurance Commission shall be paid directly to the employees by the Employer.

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