Provision for Tax in the Accounts Sample Clauses

The 'Provision for Tax in the Accounts' clause requires that a company accurately estimate and record its tax liabilities in its financial statements. This involves calculating expected taxes owed based on current laws and including these amounts as provisions in the accounts, even if the actual tax payment will occur in the future. By ensuring that anticipated tax obligations are properly reflected, this clause promotes transparency and prevents the understatement of liabilities, thereby providing a more accurate picture of the company's financial position.
Provision for Tax in the Accounts. The Accounts make full provision or reserve, in accordance with IFRS, with respect to TOCO, and GAAP, with respect to the Company and WIEL, in respect of any period ended on or before the Accounts Date for all Tax assessed or liable to be assessed on each Group Company or for which it is accountable at the Accounts Date whether or not any such Group Company has or may have any right of reimbursement against any other person and full provision has been made and shown in the Accounts for deferred taxation in accordance with IFRS, with respect to TOCO, and GAAP, with respect to the Company and WIEL.
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Provision for Tax in the Accounts. The Accounts make full provision or reserve in respect of the period ended on the Accounts Date for all Tax assessed or liable to be assessed on the Company or for which it is accountable at the Accounts Date whether or not the Company has or may have any right of reimbursement against any other person and full provision has been made and shown in the Accounts for deferred taxation in accordance with generally accepted accounting principles.
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Provision for Tax in the Accounts. So far as the Warrantors are aware, the Accounts make full provision or reserve in accordance with generally accepted accounting standards in respect of any period ended on or before the Accounts Date for all Tax assessed or liable to be assessed on the Group or for which it is accountable at the Last Accounting Date whether or not any Group Company has or may have any right of reimbursement against any other person and full provision has been made and shown in the Accounts for deferred taxation in accordance with generally accepted accounting principles.
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Provision for Tax in the Accounts. The Accounts make proper provision or reserve (in accordance with generally accepted accounting practice applicable to the relevant Accounts) in respect of any period ended on or before the Accounts Date for all Tax assessed or liable to be assessed on each Group Company or for which any Group Company is accountable at the Accounts Date whether or not the relevant Group Company has or may have any right of reimbursement against any other person.
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Related to Provision for Tax in the Accounts

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