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.
Tax Holiday means the exemption from paying sales tax on any retail sales and sales of services and rents made during an assembly declared “tax holiday” during the period from October 1 through March 31, 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 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.

  • This Tax Holiday was granted during a fleeting period of low-unemployment.

  • 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.

  • Xxxxxxx, 2011) This Tax Holiday was granted during a fleeting period of low-unemployment.

More Definitions of Tax Holiday

Tax Holiday means the period from September 1, 2017 to
Tax Holiday means a temporary elimination or reduction of annual income tax liability.
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 beginning on January 1, 2024, and ending on June 30, 2024, or a later date prescribed by regulation.

Related to Tax Holiday

  • Legal Holiday means a Saturday, a Sunday or a day on which banking institutions in the City of New York or at a place of payment are authorized by law, regulation or executive order to remain closed. If a payment date is a Legal Holiday at a place of payment, payment may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue on such payment for the intervening period.

  • Bank Holiday means any day that is specified or proclaimed as a bank holiday, pursuant to section 1 of the Banking and Financial Dealings Act 1971;

  • public holiday means any day that is a public holiday in terms of the Public Holiday Act, 1994 (Act No. 36 of 1994);

  • Holiday means the twenty-four (24) hour period commencing at 0001 hours of a day designated as a paid holiday in this Agreement.

  • Weekday means Monday – Friday.

  • Unscheduled Holiday means a day that is not a Settlement Business Day and the market was not aware of such fact (by means of a public announcement or by reference to other publicly available information) until a time later than 9:00 a.m. local time in the principal financial centre of the Specified Currency two Settlement Business Days prior to the relevant Rate Fixing Date. As soon as the Calculation Agent is aware of such an Unscheduled Holiday, they shall inform the Issuer promptly.

  • Day means calendar day.

  • Weekend means a Saturday and the following Sunday, assuring a minimum of fifty-six (56) hours off duty;

  • TARGET2 Business Day means, a day in which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open.

  • Federal Fiscal Year means the period beginning October 1 and ending September 30 each year, which is the annual accounting period for the United States government.

  • non-business day means Saturday, Sunday and any other day that is a holiday as defined in the Interpretation Act (Canada);

  • Holidays means a public holiday for the purpose of Section 25 of the Negotiable Instruments Act, 1881 or such other day on which the office of the Authority remains closed for the day.

  • Clearance System Business Day means, with respect to the Clearance System, any day (other than a Saturday or Sunday) on which the Clearance System is open for the acceptance and execution of settlement instructions.

  • Banking Day means each day (other than a Saturday or Sunday) on which the Clearing System and the Trans-European Automated Real-time Gross settlement Express Transfer-System (TARGET2) ("TARGET2") are open for business.

  • Banking Business Day means any day other than a Saturday or Sunday that is not a day on which banking institutions in The City of New York are authorized or required by law, regulation or executive order to close.

  • Domestic Business Day means any day except a Saturday, Sunday or other day on which commercial banks in New York City are authorized by law to close.

  • Fund Business Day means any day on which the NAV of Shares of each Fund is determined as stated in the then current Prospectus.

  • New York Business Day means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in New York City are generally authorized or obligated by law or executive order to close.