Positive income definition

Positive income means the income or a part thereof of a controlled foreign tax entity included in the income of a permanent resident of Lithuania on the last day of a tax of period a controlled foreign tax entity in proportion to the number of shares (stakes, shares in a cooperative organization) owned by such permanent resident of Lithuania, voting rights or rights to a fraction of distributable profit, or the exclusive rights to acquire them in accordance with the procedure laid down in this Article.RLA note. The provisions of paragraph 18 shall apply for the calculation and declaration of income for tax periods of 2019 and subsequent years.Amendments to a paragraph of the Article:No XIII-1698, 06/12/2018, published in the Register of Legal Acts on 20/12/2018, i. c. 2018-20939
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Positive income means all income or a part thereof, received by a controlled entity, registered or otherwise organised in the states or zones referred to in paragraph 4 of Article 39 of this Law, included in the income of a controlling entity of Lithuania in proportion to the number of the shares (interests, member shares), votes or rights to the profits of the controlled entity held by the Lithuanian entity.
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Examples of Positive income in a sentence

  • Positive income growth for everyone may count as mobility even if relative positions are preserved.

  • Zero income elasticity of demand Positive income Elasticity of DemandIncome elasticity of demand for a good is positive, when with a increase in the income of a consumer his demand for the goods is increases and vice-versa.Negative Income Elasticity of Demand:Income Elasticity of Demand is negative when increases in the income of the consumer is accomplished by fall in demand of good.It is negative in case of inferior goods which are known as Giften goods.

  • Positive income from current year is included as eligible capital after verification by the exter- nal auditors.

  • Positive income shocks and accidental deaths among Cherokee Indians: a natural experiment.

  • Positive income from current year is included as eligible capital after verifica- tion by the external auditors.

  • Positive income calculated is included in that tax period of Lithuanian entity in which a tax period of a controlled foreign entity ends.

  • Positive income also resulted from the fact that, after the deconsolidation of ADLER Group, the market value of both the investment and the convert- ible bonds held increased (EUR 36.7 million).

  • Positive income growth and poverty reduction were reported in the PCR, but the evidence was not well-substantiated.

  • Positive income generation is expected to start in 2022 and ramp up over product/service maturation lifecycle.

  • Positive income effects and the resulting changes of life styles will create demands for high quality shoes.

Related to Positive income

  • Net Positive Adjustments means, with respect to any Partner, the excess, if any, of the total positive adjustments over the total negative adjustments made to the Capital Account of such Partner pursuant to Book-Up Events and Book-Down Events.

  • Remaining Net Positive Adjustments means as of the end of any taxable period, (i) with respect to the Unitholders holding Common Units or Subordinated Units, the excess of (a) the Net Positive Adjustments of the Unitholders holding Common Units or Subordinated Units as of the end of such period over (b) the sum of those Partners’ Share of Additional Book Basis Derivative Items for each prior taxable period, (ii) with respect to the General Partner (as holder of the General Partner Units), the excess of (a) the Net Positive Adjustments of the General Partner as of the end of such period over (b) the sum of the General Partner’s Share of Additional Book Basis Derivative Items with respect to the General Partner Units for each prior taxable period, and (iii) with respect to the holders of Incentive Distribution Rights, the excess of (a) the Net Positive Adjustments of the holders of Incentive Distribution Rights as of the end of such period over (b) the sum of the Share of Additional Book Basis Derivative Items of the holders of the Incentive Distribution Rights for each prior taxable period.

  • Moderate Income means more than 50 percent but less than 80

  • Positive means that a rating may be raised

  • Positive Test Result means a finding of the presence of drugs, alcohol, or their metabolites in the sample tested in levels at or above the threshold detection levels contained in the standards of one of the programs listed in Minn. Stat. § 181.953, Subd. 1.

  • Positive identification means a method of identifying a person that does not rely on the use of a private personal identifier such as a password, but must use a secure means of identification that includes any of the following:

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Corporate Taxpayer Return means the federal and/or state and/or local Tax Return, as applicable, of the Corporate Taxpayer filed with respect to Taxes of any Taxable Year.

  • Adjusted Income means, with respect to a HOME Development, the gross income from wages, income from assets, regular cash or noncash contributions, and any other resources and benefits determined to be income by HUD, adjusted for family size, minus the deductions allowable under 24 CFR §5.611.

  • Aggregate Remaining Net Positive Adjustments means, as of the end of any taxable period, the sum of the Remaining Net Positive Adjustments of all the Partners.

  • Adjusted gross income means that term as defined in section 62 of the internal revenue code of 1986.

  • Positive beam limitation means the automatic or semi-automatic adjustment of an x-ray beam to the size of the selected image receptor, whereby exposures cannot be made without such adjustment.

  • Gross Profits means the gross profits calculated under section 4;

  • Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.

  • Floating Profit/Loss in a CFD shall mean current profit/loss on Open Positions calculated at the current Quotes (added any commissions or fees if applicable).

  • Adjusted gross receipts means the gross receipts less winnings paid to wagerers.

  • Total Profit means the aggregate amount (before taxes) of the following: (i) the amount received by Grantee pursuant to Issuer's repurchase of the Option (or any portion thereof) pursuant to Section 7, (ii) (x) the amount received by Grantee pursuant to Issuer's repurchase of Option Shares pursuant to Section 7, less (y) the Grantee's purchase price for such Option Shares, (iii) (x) the net cash amounts received by Grantee pursuant to the sale of Option Shares (or any other securities into which such Option Shares are converted or exchanged) to any unaffiliated party, less (y) the Grantee's purchase price of such Option Shares, (iv) any amounts received by Grantee on the transfer of the Option (or any portion thereof) to any unaffiliated party, and (v) any amount equivalent to the foregoing with respect to the Substitute Option.

  • Positive Basis means, with respect to any Partner and as of any time of calculation, the amount by which the total of the Partners’ Capital Accounts as of that time exceeds the Partner’s “adjusted tax basis,” for U.S. federal income tax purposes, in the Partner’s Units in the Partnership as of that time (determined without regard to any adjustments made to the “adjusted tax basis” by reason of any Transfer or assignment of Units, including by reason of death). As used in this Section 5.8, the term “Positive Basis Partner” means any Partner who or that withdraws from the Partnership and who or that has a Positive Basis as of the effective date of the Partner’s withdrawal. As used in this Section 5.8, the term “Negative Basis” means, with respect to any Partner and as of any time of calculation, the amount by which the Partner’s “adjusted tax basis,” for U.S. federal income tax purposes, in the Partner’s Units in the Partnership as of that time (determined without regard to any adjustments made to the “adjusted tax basis” by reason of any Transfer or assignment of Units, including by reason of death, and without regard to such Partner’s share of the liabilities of the Partnership under section 752 of the Code) exceeds the Partner’s Capital Account as of such time. As used in this Section 5.8, the term “Negative Basis Partner” means any Partner who or that withdraws from the Partnership and who or that has a Negative Basis as of the effective date of the Partner’s withdrawal.

  • Moderate-income unit means a restricted unit that is affordable to a moderate-income household.

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • Net Profit means such profit as is calculated in accordance with paragraph 61;

  • Apportionable income means the gross income of the business taxable under the service classifications of a city's gross receipts tax, including income received from activities outside the city if the income would be taxable under the service classification if received from activities within the city, less any exemptions or deductions available.

  • Sharing Percentage means, with respect to any Member, a percentage, expressed as a fraction the numerator of which is the number of Units held by such Member and the denominator of which is the aggregate number of Units held by all Members.

  • Per capita income means the average for the most recent three years for

  • Aggregate Net Losses means, with respect to a Collection Period, an amount equal to the aggregate Principal Balance of all Receivables that became Defaulted Receivables during such Collection Period minus all Net Liquidation Proceeds collected during such Collection Period with respect to all Defaulted Receivables.

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.