Relevant Tax Period definition

Relevant Tax Period means any taxable year or other tax period that (i) ends on or before the Effective Date or (ii) begins before and ends after the Effective Date.
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Relevant Tax Period means any taxable period or portion thereof ending on or prior to the Accounts Date.
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Relevant Tax Period means (i) with respect to (a) Parent, Purchaser, the Company and any Subsidiary of Parent or Purchaser other than XX Xxxxxxx, the Company and its Subsidiaries and (b) any Subsidiary of the Company that is treated as a partnership (or disregarded as a separate entity from such a Subsidiary or Person described in clause (a)) for tax purposes, any Post-Closing Tax Period and (ii) with respect to XX Xxxxxxx and any Subsidiary of the Company or XX Xxxxxxx that is treated as a corporation (or disregarded as a separate entity from XX Xxxxxxx or such a Subsidiary) for tax purposes, any taxable period.
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Examples of Relevant Tax Period in a sentence

  • The Purchaser shall duly notify all of the Sellers of any cash Tax refund relating to the Relevant Tax Period.

  • With respect to any Tax Return required to be filed by any Target Group Company after the Closing Date, and as to which an amount of Tax is allocable to the Relevant Tax Period, the Buyer shall provide the Sellers’ Representatives with a copy of such draft Tax Return for review and comments by the Sellers’ Representatives, at least 20 (twenty) Business Days, or in case of Tax Returns to be filed on a monthly basis at least 5 (five) Business Days, prior to the due date for the filing of such return.

  • The foregoing right to instruct in respect of the Relevant Tax Period shall include, without limitation, the right to request (i) a specific treatment (including for commercial/statutory accounting, Tax accounting and Tax elections) of reorganisation measures that have been implemented within the BSN Group (other than at Purchaser’s initiative) and (ii) any (other) specific treatment for commercial/accounting purposes to the extent relevant for Tax purposes and/or any Tax filings.

  • The Sellers’ Representatives shall prepare and file (or cause to be prepared and filed by the relevant Target Group Company) all Tax Returns that relate to the Relevant Tax Period due to be filed on or prior to the Closing Date.

  • The Purchaser shall procure that any Tax filing which relates in whole or in part to the Relevant Tax Period or any period prior to the Relevant Tax Period shall so far as practicable be delivered to all of the Sellers (but with respect to Tax filings by JV (Holding) to the S&N Sellers only) for their review, comments and instructions no later than twenty (20) Business Days prior to the due date of the relevant Tax filing.

  • From and after the Closing Date, the Buyer undertakes to pay to the Sellers any Tax refund (“Tax Refund”) realized or received by the Buyer after the Closing Date for the Relevant Tax Period or attributable to an amount paid (and not yet reimbursed) by the Sellers unless and to the extent reflected as a receivable in the Post-Closing Statement.

  • In calculating any Tax referred to in Clause 6.3 above, account shall be taken of any Relief obtained and utilized by the Purchaser's Group in a Relevant Tax Period to the extent such Relief arises directly in consequence of the matter which gives rise to such claim.

  • If the Seller decides to participate in a tax proceeding relating to a Relevant Tax Period itself or by a representative, the Purchaser shall procure that this is approved by the Group Companies.

  • The Buyer shall prepare and file (or cause to be prepared and filed) all other Tax Returns relating to the Relevant Tax Period on a basis consistent with those prepared for prior taxable periods and in accordance with the instructions of the Sellers’ Representatives.


More Definitions of Relevant Tax Period

Relevant Tax Period means the tax year in which the Disposal is treated as having been made for CGT purposes; Relief is defined in Schedule 9;
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Relevant Tax Period has the meaning set forth in the definition of “Tax Deficit”.
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Related to Relevant Tax Period

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

  • 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.

  • Relevant Tax Authority means HMRC, or, if applicable, the tax authority in the jurisdiction in which the Supplier is established;

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

  • Relevant Tax means any present or future taxes, duties, assessments or governmental charges of whatever nature, imposed or levied by or on behalf of any Relevant Jurisdiction or any authority therein or thereof having the power to tax.

  • Pre-Distribution Tax Period means any taxable period (or portion thereof) that ends on or before the Distribution Date.

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

  • 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.

  • Actual Tax Liability means, with respect to any Taxable Year, the liability for Covered Taxes of the Corporation (a) appearing on Tax Returns of the Corporation for such Taxable Year and (b) if applicable, determined in accordance with a Determination (including interest imposed in respect thereof under applicable law).

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Rollback tax rate means the rate that will produce last year’s maintenance and operation tax levy (adjusted) from this year’s values (adjusted) multiplied by 1.08 plus a rate that will produce this year’s debt service from this year’s values (unadjusted) divided by the anticipated tax collection rate.

  • Effective tax rate means the rate that will produce last year’s total tax levy (adjusted) from this year’s total taxable values (adjusted). “Adjusted” means lost values are not included in the calculation of last year’s taxes and new values are not included in this year’s taxable values.

  • Agreement combined tax rate means the sum of the tax rates:

  • Post-Closing Tax Period means any taxable period beginning after the Closing Date and, with respect to any Straddle Period, the portion of such Straddle Period beginning after the Closing Date.

  • Production Tax Credit or “PTC” means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.

  • Post-Closing Straddle Period means the portion of a Straddle Period beginning the day after the Closing Date.

  • Assumed Tax Rate means the highest effective marginal combined U.S. federal, state and local income tax rate for a Fiscal Year prescribed for an individual or corporate resident in New York, New York (taking into account (a) the nondeductiblity of expenses subject to the limitation described in Section 67(a) of the Code and (b) the character (e.g., long-term or short-term capital gain or ordinary or exempt income) of the applicable income, but not taking into account the deductibility of state and local income taxes for U.S. federal income tax purposes). For the avoidance of doubt, the Assumed Tax Rate will be the same for all Partners.

  • UK Tax Deduction means a deduction or withholding for, or on account of, Tax imposed by the United Kingdom from a payment under a Loan Document.

  • Transaction Tax Deductions means any Tax deductions relating to (i) any pay down or satisfaction of Company Indebtedness or other Indebtedness, (ii) the payment or incurrence of any Transaction Expenses or Transaction Bonus Payments and (iii) any other deductible payments attributable to the Contemplated Transactions economically borne by the Seller. For this purpose, any success-based fees shall be treated as deductible in accordance with Rev. Proc. 2011-29.

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

  • 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.

  • Tax Year means a period beginning with 6th April in one year and ending with 5th April in the next;

  • Base Tax Year means the property tax levy year used

  • Relevant Taxing Jurisdiction shall have the meaning specified in Section 4.07(a).