Tax Holiday definition

Tax Holiday means any Tax holiday, Tax incentive, Tax grant, Tax exemption or any other Tax reduction agreement, approval or order of any Tax Authority.

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Tax Holiday means the exemption from paying sales tax on retail sales and the sales of services and rents made during an assembly declared "tax holiday" during the period from October 1st through March 31st, of the fiscal year. The assembly may declare a tax holiday on any type of sale at its discretion.

Tax Holiday includes any relief from Taxation, or allowance, subsidy, exemption, set-off or deduction in computing, or against, profits, income or gains for the purposes of Taxation, or a credit against Taxation;

Examples of Tax Holiday in a sentence

The consummation of the actions contemplated in this Agreement will not have any adverse effect on: (i) the validity and effectiveness of any Tax Holiday; and (ii) the continued qualification for the Tax Holiday or the terms or duration thereof or require any recapture of any previously claimed incentive under such Tax Holiday.
Neither Nitec nor any of its subsidiaries is subject to a special regime in respect of Taxes (except for the Tax Holiday), or has concluded any special agreements, rulings or compromises with any Governmental Body nor has Nitec or any of its subsidiaries has agreed to make any adjustment to its income or deductions pursuant to a change in its method of accounting.
The benefits include • 7 year Income Tax Holiday (ITH) • 10 year Tax and Duty-free Importation of Components Parts and Materials • Zero Percent Value-Added Tax transactions • 100% Tax Credit on Domestic Capital Components, Parts and Materials Potential market for SWH installations: The potential market for SWH installations are high-income earning residential consumers, hotels, hospitals and tourism industry.
In particular, without limitation, entering into and/or completion of the Agreement will not be subject to Swiss turnover stamp duty, will not have any impact on the Tax Holiday granted to Nitec and on Nitec’s losses carried forward and Holdco’s right to relief from Swiss withholding tax by means of refund or reduction at source under the applicable double taxation treaty will not be challenged by the Swiss Federal Tax Administration under the doctrine of old reserves (Altreservenpraxis).
This Tax Holiday was granted during a fleeting period of low-unemployment.
Each of the Acquired Companies is in compliance with all terms and conditions of any Tax exemptions, Tax Holiday or other Tax reduction agreement or order of a territorial or non-U.S. Governmental Body.
From and after Closing, Buyer shall cause ▇▇▇▇▇ to comply with the terms and conditions of Section 4 and 5 of the Tax Holiday Decree.
The Contractor may avail of exemption from payment of income tax during the Recovery Period as provided for under Clause 9.7 of this Agreement or the Income Tax Holiday under EO No. 226: Provided, That the total period of availment of income tax incentive shall not exceed the maximum period provided under EO 226: Provided, further, That availment of income tax incentives shall be reckoned from the Date of Commencement of Commercial Production.

More Definitions of Tax Holiday

Tax Holiday means a temporary elimination or reduction of annual income tax liability.

Tax Holiday means the period beginning on January 1, 2024, and ending on June 30, 2024, or a later date prescribed by regulation.

Tax Holiday means a temporary reduction or elimination of a Tax typically provided by a Governmental Body as an incentive to attract, retain or expand a particular business or activity. Tax Holidays may, for example, be applicable to all businesses located in a particular region or engaged in a particular line of business, or may be granted on a case by case basis to a specific taxpayer; and (vi) “Tax Reduction Agreement” shall mean an agreement or arrangement setting forth a the terms of a Tax Holiday or other Tax incentive provided by a Governmental Body to a particular taxpayer.

Tax Holiday means the period from September 1, 2017 to

Tax Holiday means a period of 15 years commencing from the date of the Chief Town Planner's certificate of compliance confirming that the construction works have been satisfactorily completed;