Mexican Income Tax Law definition

Mexican Income Tax Law means the Mexican Income Tax Law (Ley del Impuesto Sobre la Renta).
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Mexican Income Tax Law means Ley del Impuesto sobre la Renta.
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Mexican Income Tax Law means the Ley del Impuesto sobre la Renta of Mexico. “Mexican Pesos” or “Mex$” means the lawful currency of Mexico. “Mexican Promissory Note” has the meaning set forth in Section 2.09(e).hereto. “Mexican Subsidiary Borrower” has the meaning set forth in the preamble hereto. “Mexican Tranche Borrowers” means (a) the Parent Borrower and (b) the Mexican Subsidiary Borrower. “Mexican Tranche Lender” means a Lender with a Mexican Tranche Revolving Commitment or a Mexican Tranche Revolving Credit Exposure. “Mexican Tranche Percentage” means, with respect to any Mexican Tranche Lender at any time, the percentage of the aggregate Mexican Tranche Revolving Commitments represented by such Mexican Tranche Lender’s Mexican Tranche Revolving Commitment at such time; provided that, for purposes of Section 2.19 when a Defaulting Lender that is a Mexican Tranche Lender shall exist, the term “Mexican Tranche Percentage” shall mean, with respect to any Mexican Tranche Lender at any such time, the percentage of the aggregate Mexican Tranche Revolving Commitments (disregarding such Defaulting Lender’s Mexican Tranche Revolving Commitment) represented by such Lender’s Mexican Tranche Revolving Commitment at such time. If the Mexican Tranche Revolving Commitments have terminated or expired, the Mexican Tranche Percentages shall be determined based upon the Mexican Tranche Revolving Commitments most recently in effect, giving effect to any assignments and to any Mexican Tranche Lender’s status as a Defaulting Lender at the time of determination. “Mexican Tranche Revolving Commitment” means, with respect to each Lender, the commitment, if any, of such Lender to make Mexican Tranche Revolving Loans hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Mexican Tranche Revolving Credit Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to the terms hereof. The initial amount of each Lender’s Mexican Tranche Revolving Commitment is set forth on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender shall have assumed or provided its Mexican Tranche Revolving Commitment, as applicable. As of the Effective Date, the aggregate amount of the Mexican Tranche Revolving Commitments is $15,000,000. “Mexican Tranche Revolving Credit Exposure” means, with respect to any Lender at any time, the sum of the Dollar Equivalents of such Lender’s outstanding Mexican Tranche Revolving Loans at su...
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Examples of Mexican Income Tax Law in a sentence

  • Under Articles 187 and 188 of the Mexican Income Tax Law, it is required to distribute an amount equal to at least 95% of its net tax result to its CBFI holders on a yearly basis.

  • The Mexican Income Tax Law prohibits donors from retaining a proprietary interest in contributions to NPOs with authorized donee status.

  • Fibra Inn, as a real estate investment trust (Fideicomiso de Inversiones en Bienes Raices – “FIBRA”), meets the requirements to be treated as a transparent entity in Mexico in accordance with the Mexican Income Tax Law.

  • An organization registered under Article 79 of the Mexican Income Tax Law is an “authorized donee,” and as such is entitled to issue tax-deductible receipts to donors.

  • In order to maintain FIBRA status articles 187 and 188 of Mexican Income Tax Law establish that FIBRA such as Trust 2157 must distribute annually at least 95% of their net income to holders of CBFIs and invest at least 70% of their assets in real estate rental properties, among other requirements.

  • Under Articles No. 187 and 188 of the Mexican Income Tax Law, FIBRAPL is obligated to distribute an amount equal to at least 95% of its net taxable income to its CBFI holders on an annual basis.

  • The Central Bank of West African States (BCEAO), based in Dakar, is the Central Bank for the countries in the West African Economic and Monetary Union (WAEMU): Benin, Burkina Faso, Guinea-Bissau, Cote d’Ivoire, Mali, Niger, Senegal, and Togo, all of which use the French-backed CFA franc currency, which is also linked to the euro.

  • However, the recent changes will inhibit many grantmakers from relying on the Mexican Treaty until Treasury and the IRS provide clear guidance about how it applies to the new Mexican Income Tax Law.

  • Effect of InflationUnder the Mexican Income Tax Law (Ley del Impuesto sobre la Renta), the effect of inflation on monetary assets and liabilities are to be considered as a deduction, therefore decreasing the taxable income.

  • The Mexican Income Tax Law (MITL) enacted in 2014 modified the basis at which entities can calculate their employee profit sharing and among other matters established new requirements to deduct certain expenses from the PTU basis.


More Definitions of Mexican Income Tax Law

Mexican Income Tax Law means the Ley del Impuesto sobre la Renta of Mexico, its regulations and disposiciones misceláneas in effect from time to time.
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Related to Mexican Income Tax Law

  • 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.

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

  • Non-Income Tax Return means any Tax Return relating to any Tax other than an Income Tax.

  • Income Tax Return means any return, declaration, report, claim for refund, or information return or statement relating to Income Taxes, including any schedule or attachment thereto, and including any amendment thereof.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Excise Tax Act means the Excise Tax Act (Canada);

  • Canadian Tax Act means the Income Tax Act (Canada) and the regulations thereunder, as amended from time to time.

  • U.S. Tax Code means the United States Internal Revenue Code of 1986, as amended; and

  • Non-Income Tax means any Tax other than an Income Tax.

  • Tax Law means the law of any governmental entity or political subdivision thereof relating to any Tax.

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

  • Consolidated federal income tax return means a consolidated return filed for federal income tax purposes pursuant to section 1501 of the Internal Revenue Code.

  • Income Tax Returns mean all Tax Returns that relate to Income Taxes.

  • Income Tax means any federal, state, local or foreign Tax (a) based upon, measured by or calculated with respect to net income, profits or receipts (including, without limitation, capital gains Taxes and minimum Taxes) or (b) based upon, measured by or calculated with respect to multiple bases (including, without limitation, corporate franchise taxes) if one or more of the bases on which such Tax may be based, measured by or calculated with respect to, is described in clause (a), in each case together with any interest, penalties, or additions to such Tax.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

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

  • Swiss Withholding Tax Act means the Swiss Federal Act on Withholding Tax of 13 October 1965 (Bundesgesetz über die Verrechnungssteuer), together with the related ordinances, regulations and guidelines, all as amended and applicable from time to time.

  • 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.

  • Income Tax Expense means for Borrower and its Subsidiaries, on a consolidated basis for any period, all state and federal franchise or income taxes paid or due to be paid during such period.

  • Change in Tax Law means the enactment, promulgation, execution or ratification of, or any change in or amendment to, any law (or in the application or official interpretation of any law) that occurs on or after the date on which the relevant Transaction is entered into.

  • Consolidated Income Tax Expense means, for any period, all provisions for taxes based on the gross or net income of Borrower (including, without limitation, any additions to such taxes, and any penalties and interest with respect thereto), and all franchise taxes of Borrower, as determined on a Consolidated basis and in accordance with GAAP.

  • Non-Income Taxes means any Taxes other than Income Taxes.

  • Sales Tax Revenues means taxes collected under the Virginia Retail Sales and Use Tax Act

  • Foreign Investment means any investment made by a person resident outside India on a repatriable basis in capital instruments of an Indian company or to the capital of an LLP;

  • Applicable Tax Law means any foreign, federal, state or local tax law, statute, regulation, rule, code or ordinance enacted, adopted, issued or promulgated by any Governmental Body or common law that apply to any party hereto, this Agreement or the activities contemplated hereby, as applicable.

  • Federal Income Tax means any Tax imposed by Subtitle A or F of the Code.