Profit Tax definition

Profit Tax is defined as set forth in Article 17.
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Profit Tax shall have the meaning given to it in Article 12.1(a).
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Profit Tax means the tax on profits from Petroleum Operations payable by the Investor Parties pursuant to Article 24. „Porez na dobit” znači porez na dobit iz Rudarskih radova xxxx Xxxxxx investitora plaćaju u skladu s člankom 24.
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Examples of Profit Tax in a sentence

  • All participating entities have a "Not for Profit Tax Exemption Certificate" which will be furnished by the buyer upon request by the vendor.

  • The profits of the group entities not qualifying for the two-tiered Profit Tax rate regime will continue to be taxed at a rate of 16.5%.

  • The Net Profit Tax Return is based upon the taxable income (or loss) of the corporation subject to the occupational license tax, not the consolidated taxable income.

  • If you are self-employed, latest Personal Tax demand note (issued by Inland Revenue Department) / latest Business Profit Tax demand note (issued by Inland Revenue Department)Residential address proof and permanent address proof (if any) within the latest 3 months, e.g. electricity bill or bank statement4 Please enclose residential address proof if supplementary card applicant‘s residential address is different from that of basic cardmember.

  • Where Section 25(a) of this Act applies to an asset in respect of which an amount has been deducted as capital allowance under the Business Profit Tax Act (Law number 5/2011) or as depreciation under the Bank Profit Tax Act (Law number 9/85), the amount of capital expenditure incurred on that asset shall be the amount of capital expenditure determined for the calculation of capital allowance and depreciation attributable to that asset under those Acts.

  • Section 23(b)(3) of this Act shall not apply to amounts included in the computation of taxable profit under the Business Profit Tax Act (Law number 5/2011) or the Bank Profit Tax Act (Law number 9/85).

  • Where, at the end of the last accounting period which was subject to tax under the Business Profit Tax Act (Law number 5/2011), a person has any balance of realized loss which arose in connection to assets and liabilities held on capital account which has not been set off against a realized gain on such capital account, that amount of realized loss may be deducted in the computation of the person’s taxable income in accordance with Section 34 of this Act.

  • Where in the latest accounting period before the date of commencement of taxation under this Act, an amount has been deducted under Section 9(3) of the Bank Profit Tax Regulation, the value of “b” in the formula specified in Section 36(a) of this Act shall be the amount determined in accordance with Section 9(3) of that Regulation.

  • For the purpose of Section 33 of this Act where subsection (a) applies, the accounting period in which the loss was incurred shall be the period in which such loss was computed under the Business Profit Tax Act (Law number 5/2011).

  • Any amount paid in excess of the amount liable under the Business Profit Tax Act (Law number 5/2011) or Bank Profit Tax Act (Law number 9/85) shall be treated as an amount paid in excess under this Act.


More Definitions of Profit Tax

Profit Tax means the tax upon Contractor’s taxable profit from Petroleum Operations, as provided for in paragraph 16.1 hereunder.
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Profit Tax is defined in Section 8.2(i).
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Profit Tax means the tax upon Contractor’s taxable profit from Petroleum Operations, as provided for in paragraph 16.1 hereunder. 1.56 “R Factor” means, for the purposes of Article 13 hereunder, the ratio of the cumulative sum of the Contract Revenues to the Cumulative sum of the Contract Expenses. 1.57 “Renewal Period” means the First Renewal Period or the Second Renewal Period referred to in paragraphs 4.1.2 and 4.1.3 hereunder. 1.58 “Reservoir” means a porous and permeable stratum capable of producing Petroleum and which must be considered, because of the character of the substances it holds (similitude of physical properties, density, Gas-Oil ratio, viscosity and a pressure relationship) as a unit in regard to its natural exploitation. 1.59 “Second Renewal Period” has the meaning ascribed to it in paragraph 4.1.3
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Related to Profit Tax

  • input tax , in relation to a vendor, means—

  • 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.

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

  • 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.

  • 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.

  • State Income Tax means any Tax imposed by any State of the United States (or by any political subdivision of any such State) or the District of Columbia, or any city or municipality located therein, which is imposed on or measured by net income, including state and local franchise or similar Taxes measured by net income, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

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

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

  • Relevant Tax means any present or future taxes, duties, assessments or governmental charges of whatever nature, imposed or levied by or on behalf of any Relevant Jurisdiction or any authority therein or thereof having the power to tax.

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

  • Income Tax means any federal, state, local or foreign Tax (a) based upon, measured by or calculated with respect to net income, profits or receipts (including, without limitation, capital gains Taxes and minimum Taxes) or (b) based upon, measured by or calculated with respect to multiple bases (including, without limitation, corporate franchise taxes) if one or more of the bases on which such Tax may be based, measured by or calculated with respect to, is described in clause (a), in each case together with any interest, penalties, or additions to such Tax.

  • 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.

  • taxation year means the calendar year to which an assessment roll applies for the purposes of taxation;

  • Tax Revenues means the Personal Income Taxes and such other revenues, including Alternative Revenues (but excluding Building Aid), as the Authority may derive directly from the State from taxes imposed by the City or the State and collected by the State.

  • Input Tax Credit means the credit of input tax;

  • Net Economic Return shall have the meaning ascribed to such term in paragraph 2 of Exhibit E to the Lease.

  • Income means the following:

  • Taxable Wage Base means the contribution and benefit base in effect under Section 230 of the Social Security Act at the beginning of the Plan Year.

  • tax dues means the tax payable under this Act and does not include interest, fee and penalty; and

  • Income Tax Expense means for Borrower and its Subsidiaries, on a consolidated basis for any period, all state and federal franchise or income taxes paid or due to be paid during such period.

  • Non-Income Tax means any Tax other than an Income Tax.

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

  • Income Taxes means any taxes measured, in whole or in part, by net or gross income or profits together with any interest, penalties or additions to tax.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Net Income means, with respect to any Person, the net income (loss) of such Person, determined in accordance with GAAP and before any reduction in respect of Preferred Stock dividends.

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