Excluded Taxes definition: Copy, customize, and use instantly
Introduction
The term "Excluded Taxes" refers to specific taxes that are explicitly excluded from the tax-related obligations of one or more parties in a contract. It is essential for clarifying tax liabilities and ensuring no unintended responsibility for certain taxes falls on the other party.
Below are various examples of how "Excluded Taxes" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Excluded Taxes" as taxes based on net income
This definition ties "Excluded Taxes" to taxes assessed on a party's net income.
"Excluded Taxes" means any taxes imposed on or measured by the net income or gross receipts of the recipient party, including franchise taxes imposed in lieu of net income taxes.
Definition of "Excluded Taxes" as withholding taxes
This definition connects "Excluded Taxes" to withholding taxes for which the paying party is responsible.
"Excluded Taxes" refers to any taxes required to be withheld from payments made by the paying party under applicable law, provided such taxes are not the responsibility of the recipient party under this agreement.
Definition of "Excluded Taxes" as sales or use taxes
This definition links "Excluded Taxes" to taxes levied on the purchase, sale, or use of goods and services.
"Excluded Taxes" means any sales, use, or similar taxes levied on the purchase, lease, or use of goods or services, which are the responsibility of the purchasing or end-user party.
Definition of "Excluded Taxes" as property-related taxes
This definition applies "Excluded Taxes" to taxes related to the ownership or lease of property.
"Excluded Taxes" refers to property taxes, real estate taxes, or similar assessments directly associated with the ownership or lease of assets by a party, as specified in this agreement.
Definition of "Excluded Taxes" as value-added taxes (VAT)
This definition ties "Excluded Taxes" to value-added taxes that are explicitly excluded from a party’s tax obligations.
"Excluded Taxes" means any value-added taxes (VAT) imposed on goods or services, which are the responsibility of the purchasing party and not the provider under this agreement.
Definition of "Excluded Taxes" as employment-related taxes
This definition connects "Excluded Taxes" to taxes tied to employment relationships or payroll obligations.
"Excluded Taxes" refers to taxes such as payroll taxes, social security contributions, or unemployment taxes that are directly related to a party's employees or contractors and not shared under this agreement.
Definition of "Excluded Taxes" as excise and import duties
This definition links "Excluded Taxes" to excise taxes and import duties that are excluded from a party’s obligations.
"Excluded Taxes" means any excise taxes, import duties, or customs fees imposed on goods brought into a jurisdiction, which remain the responsibility of the importing party.
Definition of "Excluded Taxes" as taxes on unrelated activities
This definition applies "Excluded Taxes" to taxes arising from activities unrelated to the agreement.
"Excluded Taxes" refers to taxes imposed on a party for activities, operations, or transactions unrelated to the subject matter of this agreement.
Definition of "Excluded Taxes" as franchise taxes
This definition ties "Excluded Taxes" to franchise taxes imposed on a party’s corporate status.
"Excluded Taxes" means franchise taxes or similar levies imposed on a party due to its corporate status or existence, which are not transferable to the other party under this agreement.
Definition of "Excluded Taxes" as gross income taxes
This definition connects "Excluded Taxes" to taxes levied on gross income rather than net income.
"Excluded Taxes" refers to taxes imposed on a party’s gross income or revenue, excluding such taxes from the obligations of the other party.
Definition of "Excluded Taxes" as taxes imposed by foreign jurisdictions
This definition links "Excluded Taxes" to taxes levied by foreign jurisdictions outside the agreement’s principal location.
"Excluded Taxes" means any taxes imposed by a foreign jurisdiction on the operations, revenue, or assets of a party, unless otherwise agreed in this contract.
Definition of "Excluded Taxes" as environmental taxes or levies
This definition applies "Excluded Taxes" to taxes or levies related to environmental regulations.
"Excluded Taxes" refers to any environmental taxes, carbon credits, or regulatory levies imposed on a party for compliance with environmental laws or regulations.
Definition of "Excluded Taxes" as penalties and interest
This definition ties "Excluded Taxes" to penalties or interest on unpaid taxes.
"Excluded Taxes" means penalties, fines, or interest assessed on a party for non-compliance or late payment of taxes, which are not shared under this agreement.
Definition of "Excluded Taxes" as state-specific taxes
This definition connects "Excluded Taxes" to taxes imposed by specific states or regions.
"Excluded Taxes" refers to taxes levied by a specific state, municipality, or regional authority that are unrelated to the performance of this agreement.
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Definition of "Excluded Taxes" as personal income taxes
This definition ties "Excluded Taxes" to taxes levied on an individual's personal income.
"Excluded Taxes" means any personal income taxes imposed on an individual party’s income, which are not the responsibility of the other party under this agreement.
Definition of "Excluded Taxes" as taxes due to changes in law
This definition connects "Excluded Taxes" to taxes arising from changes in legislation after the agreement’s execution.
"Excluded Taxes" refers to taxes imposed due to changes in applicable tax laws or regulations enacted after the effective date of this agreement.
Definition of "Excluded Taxes" as municipal or local taxes
This definition links "Excluded Taxes" to taxes imposed by local governments or municipalities.
"Excluded Taxes" means any taxes, fees, or levies imposed by local governments or municipalities that are not directly related to the execution of this agreement.
Definition of "Excluded Taxes" as industry-specific levies
This definition applies "Excluded Taxes" to taxes or levies specific to certain industries.
"Excluded Taxes" refers to taxes or levies imposed on a party due to its participation in a specific industry, such as energy surcharges or telecommunications fees.
Definition of "Excluded Taxes" as inheritance or estate taxes
This definition ties "Excluded Taxes" to taxes levied on inheritances or estates.
"Excluded Taxes" means inheritance taxes, estate taxes, or other taxes on transfers of wealth, which are the sole responsibility of the affected party or entity.
Definition of "Excluded Taxes" as non-deductible taxes
This definition connects "Excluded Taxes" to taxes that are not deductible for income tax purposes.
"Excluded Taxes" refers to taxes that cannot be deducted as expenses under applicable tax laws, which remain the responsibility of the incurring party.
Definition of "Excluded Taxes" as taxes on intercompany transactions
This definition links "Excluded Taxes" to taxes arising from intercompany activities.
"Excluded Taxes" means taxes imposed on transactions or transfers between affiliated or related entities, excluding them from the obligations of the other party.
Definition of "Excluded Taxes" as capital gains taxes
This definition applies "Excluded Taxes" to taxes on profits from the sale of assets.
"Excluded Taxes" refers to capital gains taxes imposed on profits from asset sales or disposals, which are not shared or transferred under this agreement.
Definition of "Excluded Taxes" as taxes on intangible assets
This definition ties "Excluded Taxes" to taxes assessed on intangible property, such as intellectual property.
"Excluded Taxes" means taxes levied on intangible assets, including intellectual property, trademarks, and goodwill, unless otherwise specified in this agreement.
Definition of "Excluded Taxes" as use-specific taxes
This definition connects "Excluded Taxes" to taxes imposed based on the use or purpose of property or services.
"Excluded Taxes" refers to taxes specifically tied to the use of property, services, or resources that are excluded from the other party’s tax obligations under this agreement.
Definition of "Excluded Taxes" as alternative minimum taxes (AMT)
This definition ties "Excluded Taxes" to alternative minimum taxes imposed on a party.
"Excluded Taxes" means any alternative minimum taxes (AMT) imposed on a party’s income or operations, which are not the responsibility of the other party.
Definition of "Excluded Taxes" as self-employment taxes
This definition connects "Excluded Taxes" to taxes related to self-employment income.
"Excluded Taxes" refers to taxes levied on self-employment income, including social security and Medicare contributions, which are solely the responsibility of the self-employed party.
Definition of "Excluded Taxes" as penalties for underpayment
This definition links "Excluded Taxes" to penalties or fines for underpayment of taxes.
"Excluded Taxes" means penalties, surcharges, or fines assessed for underpayment of taxes, which are not included in the other party’s obligations.
Definition of "Excluded Taxes" as foreign withholding taxes
This definition applies "Excluded Taxes" to withholding taxes imposed by foreign jurisdictions.
"Excluded Taxes" refers to withholding taxes levied by foreign governments on cross-border payments, unless otherwise expressly agreed in this agreement.
Definition of "Excluded Taxes" as stamp duties
This definition ties "Excluded Taxes" to stamp duties imposed on legal documents.
"Excluded Taxes" means stamp duties or similar levies imposed on the execution or transfer of legal documents, which are excluded from the tax obligations of the other party.
Definition of "Excluded Taxes" as environmental surcharges
This definition connects "Excluded Taxes" to taxes or surcharges related to environmental regulations.
"Excluded Taxes" refers to taxes or surcharges levied for environmental compliance, including carbon taxes or waste management fees, which are the responsibility of the regulated party.
Definition of "Excluded Taxes" as financial transaction taxes
This definition links "Excluded Taxes" to taxes imposed on financial transactions.
"Excluded Taxes" means taxes levied on financial transactions, such as stock trades or currency exchanges, which are not included in the obligations of the other party.
Definition of "Excluded Taxes" as excise taxes on specific goods
This definition applies "Excluded Taxes" to excise taxes on particular categories of goods.
"Excluded Taxes" refers to excise taxes imposed on specific goods, such as alcohol, tobacco, or fuel, which are not borne by the other party under this agreement.
Definition of "Excluded Taxes" as luxury taxes
This definition ties "Excluded Taxes" to taxes imposed on luxury items or services.
"Excluded Taxes" means taxes levied on luxury goods or services, such as high-value vehicles or accommodations, which are the sole responsibility of the purchasing party.
Definition of "Excluded Taxes" as transaction-based levies
This definition connects "Excluded Taxes" to levies based on the volume or frequency of transactions.
"Excluded Taxes" refers to levies imposed based on the number or volume of transactions conducted, which are excluded from the obligations of the other party.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.