Export income definition

Export income means net profits derived by a taxpayer from the business of exporting goods and services but excludes re-exports. Deduction shown below:
Sample 1Sample 2
Export income means net profits derived by a taxpayer from the business of exporting goods and services but excludes re-exports. Deduction shown in Table 4.
Sample 1Sample 2

Examples of Export income in a sentence

  • Export income from real estate businessThe Company is making continuous effort to explore and develop the existing as well as new export markets for its products.

  • Export income can fluctuate significantly from one year to the next, and these fluctuations spread quickly throughout the economy.

  • Export income will be subject to zero corporate tax (as at present) and domestic sales income subject to standard taxation.2 Import duties will be paid or relieved dependent on the final destination of sales.

  • Table 4: Export Income Deduction • Export income deduction will only be allowed if the Commissioner of Inland Revenue is satisfied that the export earnings will be remitted to Fiji.

  • Export income deduction available under section 23 of the ITA 2015 should be increased or maintained (at least) at 50% indefinitely.

  • Export income from real estate business The Company is making continuous effort to explore and develop the existing as well as new export markets for its products.

  • Export income from the major source of earnings of the country, the readymade garments (RMG) sector, was declined by 18.21 percent in the year 2020 compared to year 2019 (Raihan, 2020).

  • Export income from aquat- ic products has also increased considerably.

  • Bad Subsidized loans VAT exemption on exported inputs Reduction in local, municipal taxes/dutiesLoss write-off Export income treated preferentiallyDuty drawback VAT exemption for raw materials Raw material import duties exemptedAccelerated depreciation VAT exemption for capital goodsLower tax rate Investment/reinvestment allowanceTax exemption/holiday Capital goods import duties exempted0 10 20 30 OECD countries Developing countries 40 50Number of countriesNote: VAT is value added tax.

  • LAW AND PRACTICE OF INTERNATIONAL COMMERCIAL ARBITRATION 2 (4th ed.

Related to Export income

  • Exempt income means all of the following:

  • Investment Income means dividends, capital gains, or interest in- come generated from:

  • Foreign Corrupt Practices Act means the Foreign Corrupt Practices Act of the United States, 15 U.S.C. Sections 78a, 78m, 78dd-1, 78dd-2, 78dd-3, and 78ff, as amended, if applicable, or any similar law of the jurisdiction where the Property is located or where the Company or any of its Subsidiaries transacts business or any other jurisdiction, if applicable.

  • Corrupt practices means the offering, giving, receiving or soliciting of anything of value to influence the action of a Government official in procurement process or in contract execution: and

  • covenant income means the gross income payable to a full-time student under a Deed of Covenant by his parent;

  • corrupt practice means the offering, giving, receiving, or soliciting of anything of value to influence the action of a public official in the procurement process or in contract execution.

  • Export Control Laws means all applicable export and re-export control laws and regulations, including (a) the Export Administration Regulations (“EAR”) maintained by the U.S. Department of Commerce, (b) trade and economic sanctions maintained by the U.S. Treasury Department’s Office of Foreign Assets Control, and (c) the International Traffic in Arms Regulations (“ITAR”) maintained by the U.S. Department of State.

  • Trust Income has the meaning set forth in the Trust Agreement.

  • 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.

  • U.S. Economic Sanctions is defined in Section 5.16(a).

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

  • Export-controlled items means items subject to the Export Administration Regulations (EAR) (15 CFR parts 730-774) or the International Traffic in Arms Regulations [(ITAR)] (22 CFR parts 120-130). The term includes—

  • Integrated Goods and Services Tax Act means the Integrated Goods and Services Tax Act, 2017;

  • Veteran-owned small business concern means a small business concern—

  • GLB Act is defined in Section 9.2 hereof.

  • Bribery Act means the Bribery Act 2010 and any subordinate legislation made under that Act from time to time together with any guidance or codes of practice issued by the relevant government department concerning this legislation;

  • OFAC Regulations means the regulations promulgated by OFAC, as amended from time to time.

  • Privacy Act means the Privacy Act 1988 (Cth).

  • Business income means income arising from transactions and activity in the regular course of the taxpayer's trade or business and includes income from tangible and intangible property if the acquisition, management, and disposition of the property constitute integral parts of the taxpayer's regular trade or business operations.

  • Median income means the median income by household size for the applicable housing region, as adopted annually by COAH or a successor entity approved by the Court.

  • Data Protection Regulation means Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 20161 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (General Data Protection Regulation);

  • Women-owned small business concern means a small business concern-

  • U.S. Economic Sanctions Laws means those laws, executive orders, enabling legislation or regulations administered and enforced by the United States pursuant to which economic sanctions have been imposed on any Person, entity, organization, country or regime, including the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Iran Sanctions Act, the Sudan Accountability and Divestment Act and any other OFAC Sanctions Program.

  • Goods and Services Tax (Compensation to States) Act means the Goods and Services Tax (Compensation to States) Act, 2017;

  • Export Laws means all applicable import, export control and sanctions, including but without limitation, the laws of the United States, the EU, and Germany.

  • Loss Absorption Regulations means, at any time, the laws, regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities and/or loss absorbing capacity instruments of the Kingdom of Belgium, the Relevant Regulator, the Resolution Authority, the Financial Stability Board and/or of the European Parliament or of the Council of the European Union then in effect in the Kingdom of Belgium including, without limitation to the generality of the foregoing, any delegated or implementing acts (such as regulatory technical standards) adopted by the European Commission and any regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities and/or loss absorbing capacity instruments adopted by the Relevant Regulator and/or the Resolution Authority from time to time (whether or not such regulations, requirements, guidelines, rules, standards or policies are applied generally or specifically to the Issuer or to the Group).