branch profits definition

branch profits means, in relation to any date of determination, the sum of the Branch’s current year's undistributed Accounting Profits plus its retained earnings as of that date.
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branch profits means the profits of a foreign company derived from the operation of its business within the Republic which are not re-invested in the Republic;
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Examples of branch profits in a sentence

  • The Seller shall have no liability under the Seller Warranties in respect of Branch Profits Tax or AOE or the matters covered by the Settlement Agreement (including Covered Taxes and the Disputes each as defined therein).

  • Nothing in this Article shall be construed as preventing either Contracting State from imposing a tax as described in paragraph 1 of Article 12 (Branch Profits).

  • The balance, approximately $8,231,000, represents liabilities which have been accrued for Income Tax, Branch Profits Tax, and Withholding Tax for approximately 27 countries.

  • Consent to Extend the Time to Assess the Branch Profits Tax Under Regulations Sections 1.884–2(a) and (c).

Related to branch profits

  • Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP.

  • Gross Profits means the gross profits calculated under section 4;

  • Gross Operating Profit For any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year.

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:

  • Gross Profit means sales minus the cost of goods sold.