Define: Tax due

How is Tax due defined in a legal contract?

• Tax due means the result of multiplying a specific column with the relevant tax rate in another column. Credits are noted separately. Seen in 14 SEC filings.
• Tax due means the total amount of federal income taxes, alternative minimum taxes, environmental taxes, penalties, interest, and any other amount due for the return, after accounting for all available credits and deductions. Tax Due cannot be less than zero. Seen in 3 SEC filings.
• Tax due means the sum of the products of the taxable income or loss and the deemed tax rate. Tax Due for a taxable period which falls within a specified period. Seen in 3 SEC filings.
• Tax due means the amount of tax that remains unpaid beyond the date specified in the demand notice provided under [clause]. Seen in 2 SEC filings.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of tax due' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Tax due means the amount calculated by multiplying specific financial variables affected by the relevant tax rate, less any credits.

Relevant Contract Types

• Financial Agreement
• Revenue Sharing Agreement
• Accounts Receivable Purchase Agreement

Relevant Circumstances

• When an agreement between an organization and a contractor stipulates tax obligations.
• In dealing with financial transactions where tax calculation is involved.
• During entry into revenue sharing agreements where tax deductions are considered.

Relevant Sectors

• Financial Services
• Real Estate
• Health Care

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Genie Definition 2

• Tax due means the total unpaid sum of taxes, penalties, interest, or other amounts due, following the end of a specified period.

Relevant Contract Types

• Tax Settlement Agreement
• Loan Agreement
• Sales and Purchase Agreement

Relevant Circumstances

• When resolving disputed tax liabilities.
• During the negotiation of a loan agreement where back taxes are a concern.
• In transactions involving the sale and purchase of goods, where tax obligations are considered.

Relevant Sectors

• E-commerce
• Investment Banking
• Manufacturing

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