VAT Adjustment definition

Updated on June 4, 2022

US GAAP-based VAT Adjustment refers to a company’s current VAT receivable, as computed for US GAAP purposes, as of Closing. As a reminder, for clarity’s sake, the VAT Adjustment and existing VAT receivable will be the amount actually paid to the Governmental Agencies in the PRC by Seller before Closing, to the extent such tax was actually imposed upon Seller prior to Closing as a result of the transfer of the Zhuhai business assets.

Examples of VAT Adjustment in a sentence

Following receipt of the closing or post-close transfer tax invoice from Seller or the occurrence of any post-close VAT adjustment, the Purchaser or Seller shall file the necessary returns with relevant tax authorities in accordance with applicable rules and regulations as soon as practicable in accordance with applicable rules and regulations. Due to Sapley Community Centre being leased to a charity, some VAT is not recoverable. This adjustment is a provisional one. Until further notice, these deposit requirements will remain in place. Importers will be notified. It’s time for a final reminder. Comment number six: Forming Scrap Reporting (Fangda Group) Comment 7: Request for a By-Product Offset for Silicon Carbide (Fushin Jinly) By-products and scrap can be worth a lot of money, but how much? (Fangda Group and Fushin Jinly) When was this item sold? (Fangda Group and Fushin Jinly) Comment number ten: Tolling Information (Fangda Group) Comment number eleven: Calculation of the VAT Adjustment (Fangda Group) The Name of Class field can be found by scrolling down to the bottom of the form. Name of Class: Type VAT Adjustment Class and press Enter. The banned sum should be accounted for by forwarding the journal entry depicted below: Select the VAT Adjustment Class from the Gateway of Tally > Accounting Vouchers > F7: Journal. The most overlooked aspect of VAT is the VAT Adjustment Background Tax invoices, credit and debit notes, and other forms of documentation form the foundation of the Value Added Tax system. The improving saw-tooth pattern is the most typical for those on improving and levelling trajectories (rich and poor).

Related to VAT Adjustment

In accounting, an annual or interim true-up adjustment is known as an adjustment true-up.

An adjustment to the consumer price index (CPI) is a quotient derived by dividing the CPI for a certain year’s January by the CPI for that same year’s January in 2007.

Tax Adjustment, as defined in Section 4.7, refers to a change in tax rates.

Negative or positive, the Net Adjustment Amount is equal to (A) the Closing Net Working Capital as finally determined pursuant to this Section 2.7 minus the Estimated Net Working Capital, plus (B) the Estimated Indebtedness, minus the Closing Indebtedness, plus (C) the Closing Cash as finally determined pursuant to this Section 2.7 minus the Estimated Cash, plus (D) the Estimated Transaction Expense.

The SONIA Adjustment is a yearly percentage change of 0.0326 percent.

Term SOFR Adjustment means 0.11448 percent (11.448 basis points) for an interest period of one month, 0.26161 percent (26.161 basis points;) for an interest period of three months, 0.42826 percent (42.826 basis points;) for an interest period of six months, and 0.71513 percent (71.513 basis points) for an interest period of twelve–months.

The term “credit adjustment” shall be defined in Section 3.02 of this document.

Percentage Change To determine a distribution date, subtract from A (the sum of Class A principal balance and Class B principal balance as of that Determination Date), and B (the sum of Class A principal balance and the Class B principal balance as of that Determination Date and (ii) the total amount that would have been distributed to all classes as principal in accordance with Section 4.01(a).

Section 3.2 defines the term “Estimated Adjustment Amount” (b).

Closed Adjustment is defined in Section 3.3 of this document (b).

As soon as the underlying price falls to or below the adjustment threshold for the first time, it is said to be at its Adjustment Price.

The “Adjustment Threshold” is calculated in accordance with the following sections (a) and (b).

When computing a LIBOR Successor Rate, the Administrative Agent must apply the first relevant option listed in the following order, which is known as the “Related Adjustment.”

It is the total of I Net Liabilities Adjustment Amount for such Specified Business, (ii) Subscriber Adjustment Amount for such Specified Business, and (iii) Capital Expenditure Adjustment Amount for such Specified Business, presented as a positive or negative number.

A CHANGE IN RENT Payment of operating expenses payable by the tenant According to Article 4, rent adjustments will be calculated and paid.

An adjustment after closing is defined in Section 2.04b (ii).

The term “adjustment” refers to any and all changes made to the factors taken into account as outlined in this section.

The parties agree that this Contract’s consideration includes GST, which is computed using the GST rate in effect at the time this Contract was signed.

A Tax Invoice and/or Adjustment Notes related to the supply must be sent to the Recipient prior to the Recipient paying an amount under this Contract, and the Contractor must assist the Recipient in obtaining all applicable Input Tax Credits.

This contract’s consideration will increase or decrease if the GST rate changes after the date of formation, so that the consideration is still inclusive of GST, which is computed using the new GST rate that is applicable at that date of formation. Privacy Unless the context demands otherwise, this Clause applies:

The definition of “Open Market Adjustment Amount” in Section 2 is applicable (I).

Any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds that accrue to or are considered into the ultimate net cost of the hospital outpatient department or ambulatory surgery centre are referred to as Price Adjustment. ”

When an index cessation event occurs with regard to the Benchmark, the ISDA Fallback Adjustment is the spread adjustment (which may be a positive or negative number or zero) that applies to derivatives transactions referencing the ISDA Definitions.

Replacement for Benchmark An Unadjusted Benchmark Replacement, for any appropriate Interest Period and Available Tenor for any setting of such an Unadjusted Benchmark Replacement, is a replacement of the then-current benchmark with one that is not adjusted.

The term “Final Adjustment” has the exact same connotation as in this document’s Section 10.3.B(2).

Section 11(a)(i) of this Act defines Adjustment Fraction as “adjustment fraction” in this context.

Adjustment after Closing Section 2.4 defines the term “amount” (a).

It’s important to note that the final adjustment amount is defined in Section 2.5. (e).

To calculate the equity adjustment, subtract all liabilities assumed by the Assuming Bank from the purchase price, as determined in accordance with this Agreement, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank. This may be a positive or a negative number, depending on how it is calculated.