Withheld Tax definition

Withheld Tax shall have the meaning assigned to it in Section 3.5(e).
Sample 1Sample 2Sample 3
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 Performance Fee, if any, will accrue as of 31 December of each calendar year following the approval by the Directors of the audited financial statements, and will also be paid with respect to the relevant Shares on such other dates that there is a redemption of Shares, a transfer of Shares resulting in a change in beneficial ownership, the termination of the Management Procurement Agreement and the Investment Management Agreement and upon the winding-up of the Fund. The Performance Fee payable with respect to a Series is calculated on a cumulative basis and is not payable until all prior net losses with respect to such Series are recouped. Any losses relating to Shares which have been redeemed from the Series will be discounted from the losses which have to be recouped by Shares held by remaining investors. 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. 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 Agent as soon as practicable after it becomes due. Payment of the Performance Fee, however, will be subject to adjustment upon completion of the audit of the Fund’s financial statements for the fiscal year in which the Performance Fee accrues. If the audit shows that the Performance Fee paid for a fiscal year was higher or lower than the Performance Fee that actually was due, an appropriate adjustment and payment by the Fund or repayment by the Agent will be made as soon as practicable after completion of the audit. Of the Performance Fee that it receives, the Agent, as agent of the Fund, shall pay:
Sample 1
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.
Sample 1Sample 2

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.

  • The legislatively approved repayment of these appropriations is 25 percent of the amounts appropriated per year, beginning in FY 2019 (for the FY 2018 appropriation) and in FY 2020 (for the FY 2019 appropriation).

  • 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).

  • 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.

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

  • 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.

  • Improperly Withheld Tax from Disability Payments Complete these lines only if your employer withheld tax on short-term or long-term disability payments in error to Columbus.

  • 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.

  • Upon an Applicant’s satisfactory submission of the required documents, the Tax Trustee shall transfer to the Applicant’s designated bank account a tax refund in the amount by which the Withheld Tax Rate exceeds the tax rate actually due from the Applicant under the applicable tax regime.


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.
Sample 1
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

  • Other Tax means any Federal Other Tax, State Other Tax, or Foreign Other Tax.

  • Indemnified Tax means (a) any Tax, other than an Excluded Tax, imposed on or with respect to any payment made by or on account of any obligation of the Borrower under any Loan Document 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

  • Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.

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

  • Applicable Withholding Taxes means the minimum aggregate amount of federal, state and local income and payroll taxes that the Company is required by applicable law to withhold in connection with any Incentive Award.

  • Applicable Tax State means the State in which the Owner Trustee maintains its Corporate Trust Office, the State in which the Owner Trustee maintains its principal executive offices and the State of Michigan.

  • 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).

  • tax dues means the tax payable under this Act and does not include interest, fee and penalty; and

  • Base Taxes means Taxes for the calendar year specified as the Base Year in the Basic Lease Information.

  • 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.

  • Combined Tax Return means a Tax Return filed in respect of U.S. federal, state, local or non-U.S. income Taxes for a Combined Group, or any other affiliated, consolidated, combined, unitary, fiscal unity or other group basis (including as permitted by Section 1501 of the Code) Tax Return of a Combined Group.

  • 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 any withholding tax in accordance with the Swiss Federal Statute on Anticipatory Tax of 13 October 1965 (Bundesgesetz uber die Verrechnungssteuer) and any successor provision, as appropriate.

  • 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;

  • Related Taxes means (i) any Taxes, including sales, use, transfer, rental, ad valorem, value added, stamp, property, consumption, franchise, license, capital, registration, business, customs, net worth, gross receipts, excise, occupancy, intangibles or similar Taxes and other fees and expenses (other than (x) Taxes measured by income and (y) withholding Taxes), required to be paid (provided such Taxes are in fact paid) by any Parent Entity by virtue of its:

  • Tax Revenue means, with respect to the Project Area, (a) those tax revenues referred to (1) in the last sentence of the first paragraph of Article VIII, Section 12 of the Constitution of the State and (2) in Section 18-2147, Reissue Revised Statutes of Nebraska, as amended, and (b) all payments made in lieu thereof.

  • Applicable Tax means any tax applicable in the jurisdiction of the Work;

  • State tax means the tax levied under this Act;