Malaysian tax definition

Malaysian tax means tax imposed by the ITA 1967.
Sample 1
Malaysian tax means tax imposed under the ITA 1967.
Sample 1
Malaysian tax means tax charged under the ITA 1967.
Sample 1

Examples of Malaysian tax in a sentence

  • The credit shall not, however, exceed that part of the Malaysian tax, as computed before the credit is given, which is appropriate to such item of income.

  • Current tax expense is determined according to Malaysian tax laws and includes all taxes based upon the taxable income earned during the financial period.

  • Current tax expense is determined according to Malaysian tax laws and includes all taxes based upon the taxable income earned during the financial year.

  • Current tax expense is determined according to Malaysian tax laws at the current rate based upon the taxable profit earned during the financial year.

  • Our comments above are general in nature and cover taxation in the context of Malaysian tax legislation only and do not cover foreign tax legislation.

  • Current tax expense is determined according to Malaysian tax laws at the current rate based upon the taxable profit earned during the financial period.

  • The income distribution from the Trust will carry a tax credit in respect of the Malaysian tax paid by the Trust.

  • Depending on the provisions of the relevant country’s tax legislation and any double tax treaty with Malaysia, the Malaysian tax suffered may be creditable against the relevant foreign tax.

  • The foreign income exempted from Malaysian tax at the Trust level will also be exempted from tax upon distribution to the unit holders.

  • Current tax expense is determined according to the Malaysian tax laws at the current rate based upon the taxable profits earned during the financial year.

Related to Malaysian tax

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

  • Canadian Tax Act means the Income Tax Act (Canada), as amended.

  • foreign tax means any Foreign Income Taxes or Foreign Other Taxes.

  • Malaysia means the territories of the Federation of Malaysia, the territorial waters of Malaysia and the sea-bed and subsoil of the territorial waters, and includes any area extending beyond the limits of the territorial waters of Malaysia, and the sea-bed and subsoil of any such area, which has been or may hereafter be designated under the laws of Malaysia and in accordance with international law as an area over which Malaysia has sovereign rights for the purposes of exploring and exploiting the natural resources, whether living or non-living;

  • Canadian Taxes has the meaning specified in Section 11.05.

  • Ringgit Malaysia “RM” The lawful currency of Malaysia.

  • Singapore means the Republic of Singapore and, when used in a geographical sense, includes its land territory, internal waters and territorial sea, as well as any maritime area situated beyond the territorial sea which has been or might in the future be designated under its national law, in accordance with international law, as an area within which Singapore may exercise sovereign rights or jurisdiction with regards to the sea, the sea-bed, the subsoil and the natural resources;

  • Relevant Tax Authority means HMRC, or, if applicable, the tax authority in the jurisdiction in which the Supplier is established;

  • Foreign taxes means value-added taxes and custom duties assessed by a foreign government on a commodity. It does not include foreign sales taxes.

  • Domestic Currency means the currency specified as such and any successor currency. If no currency is so specified, the Domestic Currency shall be the lawful currency and any successor currency of (i) the relevant Reference Entity, if the Reference Entity is a Sovereign, or (ii) the jurisdiction in which the relevant Reference Entity is organised, if the Reference Entity is not a Sovereign. In no event shall Domestic Currency include any successor currency if such successor currency is the lawful currency of any of Canada, Japan, Switzerland, the United Kingdom or the United States of America or the euro (or any successor currency to any such currency).

  • Treaty on European Union means the Treaty of Rome of March 25, 1957, as amended by the Single Xxxxxxxx Xxx 0000 and the Maastricht Treaty (which was signed at Maastricht on February 1, 1992 and came into force on November 1, 1993), as amended from time to time.

  • Swedish Kronor and "SEK" means the lawful currency of Sweden.

  • Australian Dollars means the lawful currency of Australia.

  • Provincial Minister means the member of the Cabinet of the Province of Western Cape responsible for local government;

  • Yen and “¥” mean the lawful currency of Japan.

  • Relevant Tax means any present or future taxes, duties, assessments or governmental charges of whatever nature, imposed or levied by or on behalf of any Relevant Jurisdiction or any authority therein or thereof having the power to tax.

  • Indian Rupees or “Rs.” shall mean the mean the currency of the Government of India.

  • British Pounds Sterling means the lawful currency of Great Britain.

  • Tax Legislation means all statutes, statutory instruments, orders, enactments, laws, by-laws, directives and regulations, whether domestic or foreign decrees, providing for or imposing any Tax.

  • Singapore Dollars means the lawful currency of Singapore.

  • Production Tax Credit or “PTC” means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.

  • Australian Government rebate means the private health insurance rebate that helps reduce the cost of health insurance. The rebate you are entitled to depends on your income and age and is indexed annually by the Australian Government.

  • Relevant Taxing Jurisdiction shall have the meaning specified in Section 4.07(a).

  • Swiss Francs means the lawful currency of Switzerland.

  • provincial legislation means legislation contemplated in section 10 of the Act promulgated by the Province;

  • VAT means value added tax in accordance with the provisions of the Value Added Tax Xxx 0000.