the Income Tax Act definition

the Income Tax Act means the Income Tax Act, no. 58 of 1962.
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the Income Tax Act means the Income Tax Act 1970 (of Tynwald);
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the Income Tax Act means the Income Tax Act, No 58 of 1962, as amended or replaced from time to time;
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Examples of the Income Tax Act in a sentence

  • When letting property and collecting rents for non-UK resident landlords (NRL) i.e. landlords living overseas, the Agent is obliged by the Income Tax Act 2007 and the Taxation of Income from Land (Non-Residents) Regulations 1995 to deduct tax (at the basic tax rate) to cover any tax liability, unless the Landlord has been authorised in writing by HM Revenue and Customs (HMRC) to receive rent gross.

  • Further, to the extent applicable, the Parties agree that the exchange of the Gatos Options for Converted Options is intended to be a tax deferred exchange of options complying with subsection 7(1.4) of the Income Tax Act (Canada) and any provincial equivalent and to the extent any adjustments are required to accomplish this intention, such adjustments shall be deemed to have been made.

  • The Contractor/Supplier acknowledges that the foregoing declaration has no binding effect on Canada Revenue Agency but will be relied on by the University in determining its obligations under the Income Tax Act (Canada) and regulations thereunder.

  • In accordance with the Income Tax Act, Workers' Compensation benefits are not taxable.

  • In accordance with the provisions of the Income Tax Act (Canada), the University will withhold and submit 15% of the Fees charged on each invoice for services performed in Canada unless the Contractor/Supplier obtains from Canada Revenue Agency a waiver or reduction in the amount to be withheld.

  • Unless the Subscriber’s Agent also agrees to comply with the due diligence and reporting obligations for the purposes of Part XIX [CRS] of the Income Tax Act (Canada) by checking the “Yes” box in Schedule “B”, the Subscriber must complete the Declaration of Tax Residence Form 520 or 521, as applicable, delivered with this subscription form.

  • The CLIENT shall not claim any relief by way of deduction, allowance or grant allowable to ANERT or EESL, as the owner of the Asset under the Income Tax Act or any other law, from the Government or any other statutory authority and shall jot do or omit to do or be done any act, deed or thing whereby ANERT or EESL is deprived, whether wholly or in part, any relief by way of deduction, allowance or grant.

  • Specifically, the Parties agree that it is not intended by this Agreement, that the Service Provider, or its employees, be employees of the Corporation for the purpose of the Income Tax Act, R.S.C. 1985 c.

  • The Insurer must deduct income tax from your annuity income in accordance with tables set out in the Income Tax Act, assuming that this is your only source of income.

  • We provide the following information in relation to New Zealand taxation implications, which may arise for New Zealand tax resident for traders in foreign exchange and CFD’s under the Income Tax Act 2007 (Tax Act).


More Definitions of the Income Tax Act

the Income Tax Act means the Income Tax Act 1959, as amended. Note In several cases, the words “sea-bed”, “sea bed”, “sub-soil” and “forgo” have been changed to “seabed”, “subsoil” and “forego” to achieve consistency in the legislation.
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the Income Tax Act. – means the Income Tax Act, no. 58 of 1962 as amended or any legislation which replaces it.
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the Income Tax Act means the Income Tax Act Chapter 81:01 of the Laws of Guyana
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the Income Tax Act means the Income Tax Act No. 58 of 1962 (as amended).
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the Income Tax Act means the Income Tax Act of Canada, all amendments thereto and all regulations thereunder.
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the Income Tax Act means the Income Tax Act, No. 58 of 1962;
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Related to the Income Tax Act

  • Income Tax Act means the Income Tax Act, 1962 (Act No. 58 of 1962);

  • Foreign Income Tax means any Tax imposed by any foreign country or any possession of the United States, or by any political subdivision of any foreign country or United States possession, which is an income tax as defined in Treasury Regulation Section 1.901-2, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Income Tax means any federal, state, local or foreign Tax (a) based upon, measured by or calculated with respect to net income, profits or receipts (including, without limitation, capital gains Taxes and minimum Taxes) or (b) based upon, measured by or calculated with respect to multiple bases (including, without limitation, corporate franchise taxes) if one or more of the bases on which such Tax may be based, measured by or calculated with respect to, is described in clause (a), in each case together with any interest, penalties, or additions to such Tax.

  • Income Tax Return means any return, declaration, report, claim for refund, or information return or statement relating to Income Taxes, including any schedule or attachment thereto, and including any amendment thereof.

  • Federal Income Tax means any Tax imposed by Subtitle A of the Code other than an Employment Tax, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • State Income Tax means any Tax imposed by any State of the United States (or by any political subdivision of any such State) or the District of Columbia, or any city or municipality located therein, which is imposed on or measured by net income, including state and local franchise or similar Taxes measured by net income, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Consolidated federal income tax return means a consolidated return filed for federal income tax purposes pursuant to section 1501 of the Internal Revenue Code.

  • Tax Act means the Income Tax Act (Canada).

  • U.S. Internal Revenue Code means the United States Internal Revenue Code of 1986, as amended.

  • Internal Revenue Code means the Internal Revenue Code of 1986, as amended.

  • Tax Code means the Internal Revenue Code of 1986, as amended.

  • Tax Regulations means the regulations passed under the Tax Act, as amended from time to time. “Transfer Agent” means TSX Trust Company, the transfer agent and registrar for the Units.

  • the Code means the Pension Regulator’s Code of Practice No 14 governance and administration of public service pension schemes.

  • Australian Tax Act means the Income Tax Assessment Act 1936 (Cth) (Australia) or the Income Tax Assessment Act 1997 (Cth) (Australia), as applicable.

  • Federal internal revenue code means the internal revenue code of the United States in effect on the last day of the taxpayer's tax year.

  • Exempt income means all of the following: