Common use of PRACTICAL DETERMINATION OF THE TAXABLE BASE Clause in Contracts

PRACTICAL DETERMINATION OF THE TAXABLE BASE. In order to determine the taxable base and for the purposes of calculating the Contractor’s responsibility regarding annual Income Tax liability, the following will be taken into account: Taxable base = [(1)] – {[(2)+(3)+(4)]+[(5)+(6)+(7)+(8)]}.

PRACTICAL DETERMINATION OF THE TAXABLE BASE. In order to determine the taxable base and for the purposes of calculating the Contractor’s responsibility regarding annual Income Tax liability, the following will be taken into account: Taxable base = [(1)] – {{ [(2)+(3)+(4)]+[(5)+(6)+(7)+(8)]] }.