Petroleum Income Tax Law definition

Petroleum Income Tax Law means the Petroleum Income Tax Law, 1987 (PNDCL 188);
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Examples of Petroleum Income Tax Law in a sentence

  • An included statement that “rules from the Internal Revenue Act, 2000 on tax avoidance and tax administration, unless otherwise addressed by the Petroleum Income Tax Law, 1987, shall apply to taxation of petroleum activities” may suffice.

  • Persons exempted by other laws, such as corporations falling under the Petroleum Income Tax Law.

  • Alternatively, the harmonization could be done by simply stating in the draft Bill that, “In addition to the Petroleum Income Tax Law, other laws of general application including the Internal Revenue Act apply to the petroleum sector”.Also, the fiscal provisions in the Bill are a significant departure from Ghana's pre-jubilee regime.

  • This law replaces any other law, including the Petroleum Income Tax Law, (1987), to the extent that provisions in those laws are inconsistent with provisions in this new Act.

  • Our independent directors may decide not to enforce the indemnification obligations of our sponsor, resulting in a reduction in the amount of funds in the trust account available for distribution to our public stockholders.

  • Peer interactions during middle childhood foster social competence necessary for positive, sustained, and reciprocal relationships.

  • The resignation, termination of employment or participation, or separation of an institution- 3 So in original.

  • The legal frameworks for the petroleum revenue management are;• The 1992 Constitution of the Republic Of Ghana• The Petroleum Revenue Management Act, 2011 (Act 815), as amended by Act 893• The Petroleum Income Tax Law, 1987 (PNDCL 188) Petroleum revenue forms a huge percentage of most resource-rich nations.

  • The Petroleum Income Tax Law, and the Petroleum Agreement regulate the upstream petroleum activity.

  • Consistency should be ensured between the Petroleum Income Tax Law and the EPA.

Related to Petroleum Income Tax Law

  • 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.

  • 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 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;

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

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

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

  • 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.

  • Income Tax Returns means all Tax Returns relating to Income Taxes.

  • Income Tax Expense means for Borrower and its Subsidiaries, on a consolidated basis for any period, all state and federal income taxes (including without limitation Texas franchise taxes) paid or due to be paid during such period.

  • Income Tax means any federal, state, local, or foreign income tax, including any interest, penalty, or addition thereto, whether disputed or not.

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

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

  • Transaction Tax Deductions means any Tax deductions relating to (i) the Company Transaction Expenses, and (ii) repayment of the Indebtedness, including any unamortized deferred financing fees in connection with the Indebtedness.

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

  • Consolidated Income Tax Expense means, with respect to any Person for any period, the provision for federal, state, local and foreign income taxes of such Person and its Restricted Subsidiaries for such period as determined on a consolidated basis in accordance with GAAP.

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

  • Federal Income Tax means any Tax imposed by Subtitle A of the Code, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • 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.

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

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

  • Income Taxes means any Tax which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) 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 (i) of this sentence.

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

  • Transaction Payroll Taxes means the employer portion of any payroll or employment Taxes incurred or accrued with respect to any bonuses, option exercises, payments to employee stock option holders or other compensatory payments made in connection with the transactions contemplated by this Agreement.