Tax Profit definition

Tax Profit. Means the result of subtracting from the cumulative income (ingresos acumulables) of the Trust, the authorized deductions, in terms of the provisions of the LISR and other applicable tax provisions, when the cumulative income is higher than the authorized deductions.
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Tax Profit means a positive figure which results from the calculation of "Tax Loss" in Assumption 3.3.5(a); "Tax Report" means the tax report comprised In a Cashflow Report; "Tax Payment Date" means each date on which a company is, or would if it had profits be, required to make a payment of Corporation Tax being the latest date on which by statute such payment can be made without incurring interest and/or penalties being the date determined in accordance with Assumption 3.3.6 or, as the case may be, Assumption 3.3.7 (as the same may be varied from time to time); "Tax Written Down Value" means, as at any date, the Total Equipment Cost, less the aggregate of;— (a) the amount of any Writing Down Allowances to which the Lessor has become entitled (and in respect of which the Lessor's entitlement has not been withdrawn) for any Accounting Period of the Lessor ending before that date in respect of the Total Equipment Cost; (b) the amount of any Disposal Value that the Lessor has been or will be required to bring into account in any Accounting Period of the Lessor ending before that date in respect of events occurring in relation to the Equipment before that date; and (c) the amount (if any) of the Total Equipment Cost which is not "qualifying expenditure" within the meaning given to that expression in Section 57 CAA 2001: the amounts referred to in paragraphs (a) and (b) of this definition being calculated on the basis of the Assumptions (as the same may be corrected in accordance with the provisions of this Financial Schedule) and where the aggregate of the amounts referred to in paragraphs (a), (b) and (c) is greater than the Total Equipment Cost, the "Tax Written Down Value" shall be nil; "Termination" means any termination of this Agreement or, as the case may be, the termination of the leasing of the Equipment under this Agreement, and whether before or after the Delivery Date shall have occurred; "Termination Assumptions" means the assumptions described in paragraph 5.3.3 (as varied from time to time in accordance with the provisions of this Financial Schedule); "Termination Cashflow Report" means the Cashflow Report produced by the Lessor pursuant to and in accordance with paragraph 5.3.1; "Termination Payment" means in relation to any date the sum calculated in respect of that date pursuant to paragraph 5.2; "Termination Principles" means the principles described in paragraph 5.3.2; "Termination Rent" means in relation to any date the amount calculated in respect ...
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Tax Profit and “Tax Loss” means, for each Fiscal Year of the Company (or other period for which Tax Profit or Tax Loss must be computed) the Company’s taxable income or loss determined in accordance with section 703(a) of the Code, with the following adjustments:
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Examples of Tax Profit in a sentence

  • This item is to be determined as the sum of the Post Tax Profit provision plus the components for State and Federal taxes.

  • As per DPE Guidelines, all profit making Oil PSUs should declare minimum Dividend of 30% of Post Tax Profit.

  • According to Tutor Perini, the Pre- Tax Profit Reports are merely the means by which it is to inform IH Rep of the Pre- Tax Profits so that IH Rep may determine whether to challenge the amounts disclosed.

  • Requiring that the prior experience happened immediately preceding assumption of office is unnecessary.

  • Neither the Complaint nor Tutor Perini’s answer to the Complaint mention any objections to the Pre- Tax Profit Reports or Pre-Tax Profits by IH Rep.

  • The Pre-Tax Profit Report and the Pre-Tax Profit for the twelve-month period reflected thereon, shall be binding upon the Interest Holder Representative, Stockholders and Parent upon the approval of such Pre- Tax Profit Report by the Interest Holder Representative or the failure of the Interest Holder Representative to object in writing within thirty(30) days after receipt thereof by the Interest Holder Representative.

  • The impact of this matter on the Other Current Assets, Other Expenses, Total Expenses, Reserves and Surplus, Profit before Tax, Profit for the Year and Earnings per Share of the Company is not ascertainable at this stage.

  • R-94), Romania repealed Article 6(1)b)d) and e) of EGO 24/1998, thus repealing/revoking the incentives provided under EGO 24/1998, including the Raw Materials Incentive, with the exception of the Tax Profit Incentive.

  • At December 31, 2016 and 2015, the legal reserve amounted to Ps174, which is included in retained earnings.The dividends paid in 2016 and 2015 were Ps1,755 (Ps0.59 per share) and Ps1,253 (Ps0.48 per share), which fully arisefrom the Net Tax Profit Account(CUFIN).Dividends paid are not subject to income tax if paid from the CUFIN.

  • The impact of this matter on the Trade Receivables, Other Current Assets, Total Current Assets, Total Assets, Other Equity, Total Equity and Total Equity and Liabilities as at March 31, 2017; Other Expenses, Total Expenses, Profit before Exceptional Items and Tax, Profit before Tax, Total Tax Expense, Profit for the Year, Total Comprehensive Income for the Year and Earnings Per Equity Share for the year ended March 31, 2017 is presently not ascertainable.


More Definitions of Tax Profit

Tax Profit means, for any date of determination, the pre-tax profit of the Company determined on the following basis, but in no event in an amount greater than the Pre-tax Profit Cap Amount: Net Sales of Xxxxxx Products less Cost of Goods Sold, less the Fixed Operating and Interest Expense Charge. "Pre-tax Profit Cap Amount" shall mean 260,000 CHF. "Pre-tax Profit Base Amount" shall mean 144,000 CHF. "Receivables/Inventory Adjustment" shall have the meaning given to it in Section 3.4.
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Related to Tax Profit

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:

  • Gross Operating Profit For any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year.

  • 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).

  • Joint Return means any Return of a member of the Parent Group or the SpinCo Group that is not a Separate Return.

  • Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP.

  • 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.

  • Tax Revenue means, with respect to the Project Area, (a) those tax revenues referred to (1) in the last sentence of the first paragraph of Article VIII, Section 12 of the Constitution of the State and (2) in Section 18-2147, Reissue Revised Statutes of Nebraska, as amended, and (b) all payments made in lieu thereof.

  • Tax Attribute means a net operating loss, net capital loss, unused investment credit, unused foreign tax credit, excess charitable contribution, general business credit or any other Tax Item that could reduce a Tax.

  • Tax Benefit Schedule is defined in Section 2.02 of this Agreement.

  • 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.

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Pre-Tax Earnings means the Corporation's earnings before income taxes as reported in the Company's Consolidated Income Statement for each fiscal year of the Performance Period, excluding any non-cash charge incurred in accordance with accounting principles generally accepted in the United States of America (GAAP) for any restricted stock or restricted stock unit awards granted during the Performance Period and all options, restricted stock and other equity compensation granted to Directors during the Performance Period.

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • EBITA means for any period, operating profit (loss) plus (i) amortization, including goodwill impairment, (ii) amortization of non-cash distribution and marketing expense and non-cash compensation expense, (iii) restructuring charges, (iv) non-cash write-downs of assets or goodwill, (v) charges relating to disposal of lines of business, (vi) litigation settlement amounts and (vii) costs incurred for proposed and completed acquisitions.

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

  • Tax Benefit means any refund, credit, or other reduction in otherwise required Tax payments.

  • 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.

  • Net Income (Loss) means with respect to any Person and for any period, the aggregate net income (or loss) after taxes of such Person for such period, determined in accordance with GAAP.

  • Tax Detriment means any item of income, gain, recapture of credit or any other Tax Item which increases Taxes paid or payable.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • 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.

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • Net After-Tax Benefit means the Present Value of a Payment net of all federal state and local income, employment and excise taxes imposed on Executive with respect thereto, determined by applying the highest marginal rate(s) applicable to an individual for Executive’s taxable year in which the Change in Control occurs.

  • Book-Tax Disparity means with respect to any item of Contributed Property or Adjusted Property, as of the date of any determination, the difference between the Carrying Value of such Contributed Property or Adjusted Property and the adjusted basis thereof for federal income tax purposes as of such date. A Partner’s share of the Partnership’s Book-Tax Disparities in all of its Contributed Property and Adjusted Property will be reflected by the difference between such Partner’s Capital Account balance as maintained pursuant to Section 5.5 and the hypothetical balance of such Partner’s Capital Account computed as if it had been maintained strictly in accordance with federal income tax accounting principles.

  • Non-Income Tax Return means any Tax Return relating to any Tax other than an Income Tax.

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