year of assessment definition

year of assessment means the period of 12 months commencing on 1st January 1948, and each subsequent period of 12 months.

year of assessment means calendar year.

year of assessment means any year or other period in respect of which any tax or duty leviable under this Act is chargeable, and any reference in this Act to any year of assessment ending the last or the twenty-eighth or the twenty-ninth day of February shall, unless the context otherwise indicates, in the case of a company or a portfolio of a collective investment scheme in securities be construed as a reference to any financial year of that company or portfolio ending during the calendar year in question.

Examples of year of assessment in a sentence

• Four times the Relevant Emoluments of the optionee for the current or preceding Year of Assessment (whichever of those years gives the greater amount) or if there were no Relevant Emoluments for the preceding Year of Assessment four times the amount of the Relevant Emoluments for the period of twelve months beginning with the first day during the current Year of Assessment in respect of which there are Relevant Emoluments.

• If you are a qualifying employee, you may apply to the IRAS for tax deferral at the time of filing your income tax return for the Year of Assessment (“YOA”) (i.e., the year in which option is exercised and the spread would be subject to tax unless deferred).

• If you are a qualifying employee, you may apply to the IRAS for tax deferral at the time of filing your income tax return for the Year of Assessment ("YOA") (i.e., the year in which option is exercised and the spread would be subject to tax unless deferred).

• The aggregate Initial Market Value of shares that may be appropriated to any one Participant in any one Year of Assessment shall not exceed the amount, for the time being, specified in paragraph 3(4) of Part 2 of Schedule 11 of the Act.

• If you are a qualifying employee, you may apply to the IRAS for tax deferral at the time of filing your income tax return for the Year of Assessment (“YOA”) (i.e., the year in which option is exercised and the Spread would be subject to tax unless deferred).

More Definitions of year of assessment

year of assessment means the period of twelve months commencing on the first day of January in each year.

year of assessment means a year beginning on any 6 April and ending on the following 5 April;

year of assessment means any year or other period in respect of which any tax or duty leviable under this Act is chargeable.[Act 5 of 1982 (Rehoboth) provides the following additional definitions relevant to the application of this Act to “citizens of Rehoboth” “Chief Director” means the officer at the head of the government service of Rehoboth; “citizen of Rehoboth” means a citizen of Rehoboth as contemplated insection 5of the Rehoboth Self-Government Act, 1976 (Act 56of 1976), irrespective of whether such citizen is resident within Rehoboth or elsewhere in the territory of South West Africa; “Rehoboth” means the area defined in section 6 of the Rehoboth Self-Government Act, 1976 (Act 56of 1976).]

year of assessment means the year in and for which tax is payable under section 4.

year of assessment. , subject to subsection (5), means calendar year.

year of assessment means any year or other period in respect of which any tax or duty leviable under this Act is chargeable.

year of assessment means the year commencing on 6 April and ending on 5 April following for or in respect of which income tax is payable. 1A Definitions relating to the EU and the United Kingdom’s withdrawal from the EU87In all Manx legislation, except where express provision to the contrary is made —