TAX EXPENSE Sample Clauses

TAX EXPENSE. Major components of income tax expense consisted of: Baht For the three-month period ended June 30, Consolidated financial statements Separate financial statements 2019 2018 2019 2018 Income tax expense shown in profit or loss : Current tax expense: Income tax expense for the period 10,843,113 9,929,465 10,479,137 8,348,330 Deferred tax expense : Changes in temporary differences relating to th original recognition and reversal (2,574,030) (381,650) (1,255,765) (262,645) Total 8,269,083 9,547,815 9,223,372 8,085,685 Baht For the six-month period ended June 30, Consolidated financial statements Separate financial statements 2019 2018 2019 2018 Income tax expense shown in profit or loss : Current tax expense: Income tax expense for the period 29,034,746 21,164,724 26,030,189 18,171,076 Deferred tax expense : Changes in temporary differences relating to th original recognition and reversal (3,398,741) (723,080) (1,976,424) (552,792) Total 25,636,005 20,441,644 24,053,765 17,618,284 For the three-month period ended June 30, 2019 and 2018, the Company and its subsidiaries have transferred the deferred tax at the amount of Baht 0.33 million and Baht 0.33 million respectively, and for the six-month period then ended at the amount of Baht 0.66 million and Baht 0.66 million respectively, from retained earnings to revaluation reserve. This amount relates to the difference between the actual depreciation based on the fixed assets and equivalent depreciation based on the cost of the fixed assets.
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TAX EXPENSE. Tenant shall pay directly to Landlord within 15 days ----------- of receipt by Tenant of invoice from Landlord (including a copy of tax xxxx), real estate taxes assessed during the Term hereof (on a pro rata basis at the beginning or end of the Term) attributable to the Tenant's Lot and the Building and any assessment, levy, imposition or tax (including any tax which may replace or be assessed in lieu of any of the foregoing), imposed by any authority and agency having the direct power to tax against the Tenant's Lot and the Building (the "Tax Expense"). Landlord will pay the real estate taxes directly to the relevant taxing authority. Any real estate taxes assessed during each of the first and last calendar years of the Term of this Lease shall be pro rated based on the actual number of days in which the Lease Term is in effect during such year bears to the actual number of days in such calendar year. The term "real estate taxes" means the real estate taxes, betterment assessments, water, rates or charges, and such other governmental charges and impositions which are or may be charged, levied, assessed, imposed or become due and payable with respect to the Lot, Building, and other improvements comprising the Premises. Landlord agrees that Tax Expense shall include annually only Tenant's annual share of the cost of any betterment, based on the useful life of such betterment. All such payments shall be made to Landlord within 15 days of receipt by Tenant of invoice from Landlord (including copy of the tax xxxx). Tenant shall furnish to Landlord copies of such bills and receipts evidencing payment for Landlord's records. Notwithstanding the foregoing, Tenant shall have no responsibility for late payment penalty or interest if Tenant's payment was timely as above provided. Tenant shall also pay all personal property taxes for Tenant's personal property on the Premises or used in connection therewith. To the extent permitted by law, Tenant shall pay, when
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TAX EXPENSE. 19.1 Major components of income tax expense for the three-months period ended March 31, 2021 and 2020 consisted of: Thousand Baht Consolidated financial statements Separated financial statements 0000 0000 0000 2020 Income tax expense shown in profit or loss : Current tax expense: Income tax expense for the period - - - - Deferred tax expense (income) : Changes in temporary differences relating to the original recognition and reversal 4,430 - 4,492 - Total 4,430 - 4,492 -
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TAX EXPENSE. In addition to the Rent set forth in Xxxxxxxxx 0, Xxxxxx shall pay its share, which is defined on Page 1, of all real property taxes applicable to the land and improvements included within and upon the Lot (“Tax Expense”). The term “Tax Expense” includes any form of tax and assessment (general, special, ordinary or extraordinary), commercial rental tax, payments under any improvement bond or bonds, license, rental tax, transaction tax, levy, or penalty imposed by authority having the direct or indirect power of tax (including any city, county, state or federal government, or any school, agricultural, lighting, drainage or other improvement district thereof) as against any legal or equitable interest of Lessor in the Premises, Lot or Park, as against Lessor’s right to rent or other income therefrom, or as against Lessor’s business of leasing the Premises or the occupancy of Lessee or any other tax, fee, or excise, however described, other than inheritance or estate taxes, including any value added tax, or any tax imposed in substitution, partially or totally, of any tax previously included within the definition of real property taxes, or any additional txt the nature of which was previously included within the definition of real property tax. C.
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TAX EXPENSE. (a) For purposes of Paragraph 13 the following Definitions shall apply.
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TAX EXPENSE. Effective Tax Ratio = -------------------------
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TAX EXPENSE. 29.1 Major components of income tax expense for the year ended December 31, 2014 and 2013 consisted of: Baht Consolidated financial statements Separate financial statements 2014 2013 2014 2013 Income tax expense shown in profit or loss : Current tax expense: Income tax expense for the year 29,889,935 37,094,260 29,889,935 37,094,260 Deferred tax expense : Changes in temporary differences relating to the original recognition and reversal 4,977,908 590,491 4,987,352 590,491 Total 34,867,843 37,684,751 34,877,287 37,684,751 In addition, for the year ended December 31, 2014 and 2013, the Company has transferred the deferred tax at the amount of Baht 2.10 million and Baht 1.69 million respectively, from retained earnings to revaluation reserve. This amount relates to the difference between the actual depreciation based on the fixed assets and equivalent depreciation based on the cost of the fixed assets.
Sample 1
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TAX EXPENSE. The following table sets forth, for the periods indicated, details of tax expense computation. Year ended March 31, 2004 2005 (in millions) Tax at marginal rate on income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Rs. 6,815.6 Rs. 9,326.7 Adjustments Difference in book and tax depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 495.8 1,800.0 Bad debts written off . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,241.9 (13,839.5) Surplus on sale of property/assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.5 20.8 Dividend, exempt interest and other income . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,876.6) (3,240.0) Capital gains on sale of shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,013.4) (3,940.0) Fair value utilization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (8,663.8) (2,510.0) Other adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,152.2 1,728.0 Net adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (12,645.4) (19,980.8) Tax (savings)/outgo thereon—other than capital gains . . . . . . . . . . . . . . . . . . . . . . . (4,536.5) (7,311.5) Capital gains on sale of shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 211.4 204.9 Tax (savings)/outgo thereon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,325.1) (7,106.6) Add/(less): Deferred taxes and other tax provisions . . . . . . . . . . . . . . . . . . . . . . . . . 136.7 3,059.9 Total income tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Rs. 2,627.2 5,190.0 Wealth tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.0 30.0 Total taxation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Rs. 2,651.2 Rs. 5,220.0 Notes: Adjusted profit before taxation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Rs. 18,998.2 Rs. 25,242.0 Marginal rates of tax—other than long-term capital gains . . . . . . . . . . . . . . . . . . . . 35.88% 36.59% Long-term capital gains . ....
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Related to TAX EXPENSE

  • Tax Expenses Tenant shall pay to Landlord Tenant’s Share of all Tax Expenses applicable to the Project. Prior to delinquency, Tenant shall pay any and all taxes and assessments levied upon Tenant’s Property (defined below in Section 10) located or installed in or about the Premises by, or on behalf of Tenant. To the extent any such taxes or assessments are not separately assessed or billed to Tenant, then Tenant shall pay the amount thereof as invoiced by Landlord. Tenant shall also reimburse and pay Landlord, as Additional Rent, within ten (10) days after demand therefor, one hundred percent (100%) of (i) any increase in real property taxes attributable to any and all Alterations (defined below in Section 10), Tenant Improvements, fixtures, equipment or other improvements of any kind whatsoever placed in, on or about the Premises for the benefit of, at the request of, or by Tenant, and (ii) taxes and assessments levied or assessed upon or with respect to the possession, operation, use or occupancy by Tenant of the Premises or any other portion of the Project. “Tax Expenses” means, without limitation, any form of tax and assessment (general, special, supplemental, ordinary or extraordinary), commercial rental tax, payments under any improvement bond or bonds, license fees, license tax, business license fee, rental tax, transaction tax or levy imposed by any authority having the direct or indirect power of tax (including any governmental, school, agricultural, lighting or other improvement district) as against any legal or equitable interest of Landlord in the Premises, Project or Park or any other tax, fee, or excise, however described, including, but not limited to, any tax resulting from the recordation of any parcel or subdivision map with respect to the Park and/or any tax imposed in substitution (partially or totally) of any tax previously included within the definition of Tax Expenses. “Tax Expenses” shall not include (a) any franchise, estate, inheritance, net income, or excess profits tax imposed upon Landlord, (b) any penalty or fee imposed solely as a result of Landlord’s failure to pay Tax Expenses when due, and (c) any items included as Operating Expenses. In the event that a parcel or subdivision map with respect to the Park or a portion of the Park is recorded by Landlord, Tenant’s Share of Tax Expenses shall be commensurately revised to reflect any increases or decreases that may result from the impact of such parcel or subdivision map.

  • Operating Expenses and Taxes Lessee and Lessor acknowledge and agree that commencing with the Second Extended Lease Term and continuing with any Extended Lease Term validly exercised thereafter, (x) the Lease provisions relating to payment of Taxes and Operating Expenses shall be converted from a Base Year computation to a straight net basis computation, and (y) Lessee shall be assuming the obligation of maintenance and repair described in Paragraph 11 below. In connection with the conversion from a Base Year to a net lease and Lessee’s assumption of the maintenance and repair obligations described in Paragraph 11 below, Lessee and Lessor wish to modify the terms and provisions of the Lease relating to Operating Expenses to account for such modifications and Lessee’s assumption of such obligations. In connection with the foregoing, Lessee and Lessor hereby acknowledge and agree that commencing on January 1, 2013, (i) the MOU shall have no further force or effect with respect to all periods from and after January 1, 2013 (the MOU shall remain in effect with respect to periods on or before December 31, 2012, except as modified by Xxxxxxxxxx 00 xxx 00 xxxxx), (xx) notwithstanding anything to the contrary contained in the Lease, Lessee’s obligations with respect to the payment of Lessee’s Percentage of Taxes and Lessee’s Percentage of Operating Expenses shall be computed without reference to a Base Year, with the effect that Lessee’s obligation for payment of Taxes during any Tax Year shall be payment of Lessee’s Percentage of the Taxes incurred with respect to such Tax Year and Lessee’s obligation for payment of Operating Expenses during any Lease Year for Operating Expenses shall be payment of Lessee’s Percentage of the Operating Expenses incurred with respect to such Lease Year for Operating Expenses, and (iii) Article 5 of the Original Lease shall be deleted in its entirety with respect to all periods from and after January 1, 2013 and replaced with the provisions of this Paragraph 10.

  • Operating Expenses Unless modified in accordance with Exhibit D, Landlord maintenance addendum, attached hereto, it is the intention of the parties and they hereby agree that this shall be a triple net Lease, and the Landlord shall have no obligation to provide any services, perform any acts or pay any expenses, charges, obligations or costs of any kind whatsoever with respect to the Premises, and Tenant hereby agrees to pay one hundred percent (100%) of any and all Operating Expenses as hereafter defined for the entire term of the Lease and any extensions thereof in accordance with specific provisions hereinafter set forth. The term Operating expenses shall include all costs to Landlord of operating and maintaining the Building and related parking areas, and shall include, without limitation, real estate and personal property taxes and assessments, management fee, heating, electricity, water, waste disposal, sewage, operating materials and supplies, service agreements and charges, lawn care, snow removal, restriping, repairs, repaving, cleaning and custodial, security, insurance, the cost of contesting the validity or applicability of any governmental acts which may affect operating expenses, and all other direct operating costs of operating and maintaining the Building and related parking areas, unless expressly excluded from operating expenses. Notwithstanding the foregoing, operating costs (and Tenant's obligations in relation thereto) shall not include (i) any expense chargeable to a capital account or capital improvement, ground leases; principal or interest payments on any mortgage or deed of trust on the premises; (ii) any amount for which Landlord is reimbursed through insurance, by third persons, or directly by other tenants of the premises, (iii) repair costs occasioned by fire, windstorm or other casualty, (iv) any construction, repair or maintenance expenses or obligations that are the sole responsibility of Landlord (not to be reimbursed by Tenant), (v) leasing commissions and other expenses incurred in connection with leasing any other area located on the premises to any other party, (vi) any expense representing an amount paid to an affiliate or subsidiary of Landlord which is in excess of the amount which would be paid in the absence of such relationship, and (vii) costs of items and services for which Tenant reimburses Landlord or pays third persons directly.

  • Operating Expense Payments Landlord shall deliver to Tenant a written estimate of Operating Expenses for each calendar year during the Term (the “Annual Estimate”), which may be revised by Landlord from time to time during such calendar year. During each month of the Term, on the same date that Base Rent is due, Tenant shall pay Landlord an amount equal to 1/12th of Tenant’s Share of the Annual Estimate. Payments for any fractional calendar month shall be prorated.

  • Operating Expense Limit The Fund’s maximum operating expense limits (each an “Operating Expense Limit”) in any year shall be that percentage of the average daily net assets of the Fund as set forth on Schedule A attached hereto and incorporated by this reference.

  • Tenant’s Share of Operating Expenses Tenant shall pay Tenant’s Share of Operating Expenses in the respective shares of the respective categories of Operating Expenses as set forth below.

  • Base Year The period beginning on 1 April of one year and ending on 31 March of the following year.

  • TENANT'S TAXES Tenant's Taxes" shall mean (a) all taxes, assessments, license fees and other governmental charges or impositions levied or assessed against or with respect to Tenant's personal property or Trade Fixtures in the Premises, whether any such imposition is levied directly against Tenant or levied against Landlord or the Property, (b) all rental, excise, sales or transaction privilege taxes arising out of this Lease (excluding, however, state and federal personal or corporate income taxes measured by the income of Landlord from all sources) imposed by any taxing authority upon Landlord or upon Landlord's receipt of any rent payable by Tenant pursuant to the terms of this Lease ("Rental Tax"), and (c) any increase in Taxes attributable to inclusion of a value placed on Tenant's personal property, Trade Fixtures or Alterations. Tenant shall pay any Rental Tax to Landlord in addition to and at the same time as Base Rent is payable under this Lease, and shall pay all other Tenant's Taxes before delinquency (and, at Landlord's request, shall furnish Landlord satisfactory evidence thereof). If Landlord pays Tenant's Taxes or any portion thereof, Tenant shall reimburse Landlord upon demand for the amount of such payment, together with interest at the Interest Rate from the date of Landlord's payment to the date of Tenant's reimbursement.

  • Tax Year The Partnership’s tax year will end on , 20 .

  • Exclusions from Operating Expenses Notwithstanding anything to the contrary contained herein, in no event shall Operating Expenses include any of the following: (1) costs for which Landlord is reimbursed, receives a credit or is otherwise compensated (other than tenant reimbursements for Operating Expenses); (2) rent or other amounts payable under any ground lease or master lease, or interest, amortization or other repayment of indebtedness or costs, fees, points or other expenses in connection with any financing or refinancing of all or any part of the Real Property; (3) costs of correcting defects in the initial design or construction of the Building or any expansion thereof or any expenses resulting from inferior or deficient workmanship; (4) costs of repair or restoration required due to casualty damage or condemnation (except for commercially reasonable deductibles); (5) non-refundable reserves for anticipated or unanticipated future expenses; (6) interest or penalties incurred as a result of Landlord’s failure to pay any bill as it shall become due; (7) costs resulting from the gross negligence or willful misconduct of Landlord, its employees, and/or agents; (8) leasing commissions, attorneys’ fees, costs and disbursements, and other expenses (including, without limitation, advertising and marketing costs) incurred in connection with leasing, renovating, or improving space for tenants or other occupants or prospective tenants or occupants of the Building, or costs (including, without limitation, permit, license, and inspection fees) incurred in renovating or otherwise improving or decorating, painting or redecorating space for tenants or other occupants or vacant space; (9) costs of any services sold to tenants or other occupants for which Landlord is entitled to be reimbursed by such tenants or other occupants as an additional charge or rental over and above the basic rent and escalations payable under the lease with such tenant or other occupant; (10) allowances for depreciation of improvements in the Common Areas; and (11) so called “capital items” or “capital expenditures” which, pursuant to generally accepted accounting principles, are not fully chargeable to current expenses in the year the expenditure is incurred, except to the extent such capital expenditures are amortized over their useful life (with commercially reasonable interest) in accordance with generally accepted accounting principles and only with respect to those that (A) are intended to effect economies in the operation or maintenance of the Real Property, or any portion thereof, or (B) are installed with a reasonable and good faith expectation by Landlord that the same will reduce current or future Operating Expenses, or (C) are intended to enhance the safety or security of the Real Property or its occupants, or (D) are required to comply with present or anticipated conservation programs, or (E) are otherwise includable in Operating Expenses pursuant to the application of sound real estate management principles (including but not limited to, parking lot repair and resurfacing).

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