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Template:M summ 2002 ISDA 2(d): Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "Section {{isdaprov|2(d)}} does the following: *'''Net obligation''': if a counterparty suffers withholding it generally doesn’t have to gross up – it just remits tax to th...") Tags: Mobile edit Mobile web edit |
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*'''Refund obligation where tax subsequently levied''': if a counterparty pays gross and subsequently is levied the tax, the recipient must refund an equivalent amount to the tax. | *'''Refund obligation where tax subsequently levied''': if a counterparty pays gross and subsequently is levied the tax, the recipient must refund an equivalent amount to the tax. | ||
*'''{{isdaprov|Indemnifiable Tax}}''': the one exception is “{{isdaprov|Indemnifiable Tax}}” - this is tax arises as a result of the payer’s own status vis-à-vis the withholding jurisdiction. In that case the payer has to gross up, courtesy of a magnificent [[quintuple negative]]. | *'''{{isdaprov|Indemnifiable Tax}}''': the one exception is “{{isdaprov|Indemnifiable Tax}}” - this is tax arises as a result of the payer’s own status vis-à-vis the withholding jurisdiction. In that case the payer has to gross up, courtesy of a magnificent [[quintuple negative]]. | ||
====Stamp Tax covered elsewhere==== | ====[[Stamp Tax - ISDA Provision|Stamp Tax]] covered elsewhere==== | ||
{{isdaprov|Stamp Tax}} reimbursement obligations are covered at {{isdaprov|4(e)}}, not here. | {{isdaprov|Stamp Tax}} reimbursement obligations are covered at {{isdaprov|4(e)}}, not here. | ||
{{Withholding under ISDA|isdaprov}} | |||
{{Withholding under ISDA}} | |||