Corporate Income Tax definition

Corporate Income Tax means any domestic and/or foreign taxes which are based on taxable profits, including unrecoverable withholding taxes on corporate income.

Corporate Income Tax has the meaning set forth in Article 23.

Corporate Income Tax all taxes based upon, measured by, or calculated with respect to (i) gross or net income or gross (or any intermediate measure) or net receipts or profits (including any capital gains and municipal business tax or any similar tax but not including sales, value added, consumption, use, real or personal property, transfer or other similar taxes); (ii) withholding taxes measured by, or calculated with respect to, any payments or distributions (other than wages) and in the case of (i) or (ii) payments on account of or in respect of to those taxes and (iii) any interest, fine, penalty or charge paid, payable or accrued in respect of or in relation to (i) or (ii);

Examples of Corporate Income Tax in a sentence

• All duties (except customs duty which will be borne by the Company) and taxes (excluding GST) including Corporate Income Tax, Personal Tax, Assam Entry Tax etc.

• Under the Corporate Income Tax Law of the PRC (the “CIT”), the statutory tax rate of the Company, subsidiaries and its key joint ventures and associates in Mainland China is 25%.

• Capitalization reserve During 2017 the Company set aside a capitalization reserve, with a charge to available reserves, corresponding to 10% of the increase in capital and reserves of 2016, in accordance with the stipulations of article 25 of Law 27/2014 of November 27, on Corporate Income Tax (Note 16).

• Pursuant to the Cambodia tax laws, a subsidiary of the Group is entitled to preferential tax treatment with full exemption from Cambodia Corporate Income Tax for three years from 1 April 2019 to 31 March 2022.

• Pursuant to Circular Concerning the Temporary Exemption of Corporate Income Tax for Gains Derived by QFII and RQFII from Transfer of Domestic Shares and Other Equity Interest Investment in China:• CIT shall be temporarily exempted on the gains derived by QFIIs and RQFIIs from the transfer of domestic shares and other equity interest investment in Mainland China with effect from 17 November 2014; and 6 Interest from government bonds are generally exempt from Mainland China CIT.

More Definitions of Corporate Income Tax

Corporate Income Tax means: (i) liabilities for Taxation arising on income and profits generated during the current tax year up to the Completion Date; (ii) liabilities for Taxation arising on income and profits generated during prior tax years which have not been paid or discharged as at the Completion Date; and (iii) any liabilities of or any payments to be made by any Group Company (other than to another Group Company) under the TCA;

Corporate Income Tax means VENNOOTSCHAPSBELASTING as imposed under the Corporate Income Tax Act.

Corporate Income Tax. ’ means the corporate income tax in the PRC payable by the

Corporate Income Tax means any profit based Tax, including but not limited to corporate income Tax levied in accordance with the CITA or any comparable non-Dutch Law or provision;

Corporate Income Tax means any Tax on income, profits or gains.

Corporate Income Tax means any income tax imposed on the chargeable income of an incorporated body under the Income Tax Act, other than any tax imposed under section 119(3) of the Income Tax Act;

Corporate Income Tax refers to the tax imposed upon net taxable income under the National Internal Revenue Code (“NIRC”) of 1997, as amended by Republic Act No. 9337, and the Act. Upon the lapse of period of the Income Tax Holiday under the Act, the RE DEVELOPER shall be subject to a Corporate Income Tax rate of ten percent (10%) of taxable income;