normal tax definition
normal tax means income tax referred to in section 5(1);
normal tax means ‘normal tax’ as defined in section 1(1), namely, income tax referred to in section 5(1);2
normal tax means income tax, and these terms are used interchangeably;
More Definitions of normal tax
normal tax means, with respect to a particular Parcel, the amount of general taxes and general assessments which would be payable to each Affected Tax Jurisdiction if the Parcel in question was owned by a Nonexempt Person and not the Agency by multiplying (1) the Assessed Value of the Parcel in question, by (2) the tax rate or rates of such Affected Tax Jurisdiction that would be applicable to such Parcel if such Parcel was owned by a Nonexempt Person and not the Agency.
normal tax means the tax payable in terms of section 6(1);
normal tax means the amount of general taxes and general assessments which would be payable to each taxing jurisdiction if the Commercial Solar Facility was owned by the project operator and not the Agency by multiplying (a) the assessed value of the Commercial Solar Facility determined by the local assessor, by (b) the tax rate or rates of such taxing jurisdiction that would be applicable to the Commercial Solar Facility if the Commercial Solar Facility was owned by the project operator and not the Agency.
normal tax means the Tax levied, in terms of section 5 of the Tax Act, on "taxable income" as defined in the Tax Act or any Tax on income or capital gains which replaces the aforesaid Tax from time to time;
normal tax means South African income tax;
normal tax means the tax computed by the appli-