Income Taxes definition

Income Taxes means any Taxes based upon, measured by, or calculated with respect to: (a) net income or profits or net receipts (including, but not limited to, any capital gains, minimum Tax or any Tax on items of Tax preference, but not including sales, use, real or personal property, or transfer or similar Taxes) or (b) multiple bases (including corporate franchise, doing business and occupation Taxes) if one or more bases upon which such Tax may be based, measured by, or calculated with respect to, is described in clause (a).
Income Taxes means Taxes (a) imposed on, or with reference to, net income or gross receipts, or (b) imposed on, or with reference to, multiple bases including net income or gross receipts.

Examples of Income Taxes in a sentence

  • If the company retains withholding tax on jobs that are not eligible for program benefits, the company will be required to amend the Employer’s Return of Income Taxes Withheld (Form MO-941) and MO-MWP forms and will be responsible for payment of the withholdings, plus any accrued interest and penalty.

  • See Schedule 2 - Credit for Income Taxes Paid to Qualifying Jurisdictions on Page 11.You must attach a copy of your return filed with the qualifying jurisdiction(s) or the credit will be disallowed.

  • Only taxpayers who were residents of Pennsylvania for all of 1996, who are calendar year filers and who report the following kinds of income and credits can use the PA-40EZ:Income:• Compensation from services rendered;• Interest Income; and• Dividend IncomeCredits:• PA Income Taxes Withheld;• Estimated Payments and Credits; and• Tax Forgiveness from PA Schedule SPJoint Income-Joint Returns.

  • Income Taxes – The Company has elected to be treated as a REIT under the Internal Revenue Code (“IRC”).

  • See Item 8, Note 17 Income Taxes for more information related to our unrecognized tax benefits.Additionally, the deferred compensation liability of $16.3 million as of December 31, 2021, has been excluded from the contractual obligations table above, as we are unable to reasonably estimate the timing of the payments or the amount by which the liability will increase over time.


More Definitions of Income Taxes

Income Taxes means any income, capital gains, franchise and similar Taxes.
Income Taxes means Taxes imposed on or measured by reference to gross or net income or receipts, and franchise, net worth, capital or other doing business Taxes.
Income Taxes means any net income, net receipts, net profits, excess net profits or similar Taxes based upon, measured by, or calculated with respect to net income.
Income Taxes means taxes based on income determined under provisions of the United States Internal Revenue Code and foreign, state and other taxes (including franchise taxes) based on in- come.(b) Income tax expense means the amount of income taxes (whether or not currently payable or refundable) allocable to a period in the determina- tion of net income.(c) Pretax accounting income means in- come or loss for a period, exclusive of related income tax expense.(d) Taxable income means the excess of revenues over deductions or the ex- cess of deductions over revenue to be reported for income tax purposes for a period.(e) Timing differences means dif- ferences between the periods in which transactions affect taxable income and the periods in which they enter into the determination of pretax accounting income. Timing differences originate in one period and reverse or turn around in one or more subsequent periods. Some timing differences reduce income taxes that would otherwise be payable currently; others increase income taxes that would otherwise be payable cur- rently.(f) Permanent differences means dif- ferences between taxable income and pretax accounting income arising from transactions that, under applicable tax laws and regulations, will not be offset by corresponding differences or turn around in other periods.(g) Tax effects means differentials in income taxes of a period attributable to (1) revenue or expense transactions which enter into the determination of pretax accounting income in one period and into the determination of taxable income in another period, (2) deduc- tions or credits that may be carried backward or forward for income tax purposes and (3) adjustments of prior periods and direct entries to other stockholdersequity accounts which enter into the determination of taxable income in a period but which do not enter into the determination of pretax accounting income of that period. A permanent difference does not result in a tax effect as that term is used in this definition.(h) Deferred taxes means tax effects which are deferred for allocation to in- come tax expense of future periods.
Income Taxes. (a) shall mean (i) any U.S. federal, state, local or non-U.S. taxes, charges, fees, imposts, levies or other assessments that are based upon, measured by, or calculated with respect to (A) net income or profits (including, but not limited to, any capital gains, gross receipts, or minimum tax, and any tax on items of tax preference, but not including sales, use, value added, real property gains, real or personal property, transfer or similar taxes), (B) multiple bases (including, but not limited to, corporate franchise, doing business or occupation taxes), if one or more of the bases upon which such tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (a)(i)(A) of this definition, or (C) any net worth, franchise or similar tax, in each case together with (ii) any interest, penalties, fines, additions to tax or additional amounts imposed by any Tax Authority with respect thereto and (b) shall include any transferee or successor liability in respect of an amount described in clause (a) of this definition.
Income Taxes means all federal, state, local, and foreign income or franchise Taxes or other Taxes based on income or net worth.
Income Taxes means any Taxes imposed upon or measured by net income.