Excess profit tax Sample Clauses

Excess profit tax. 15.3.6.4.1 The Contractor shall compute the excess profit tax based on the achieved level of the internal rate of return as of the end of the tax period and using the following rates: When computing the internal rate of return, the Contractor shall take into account the annual cash flows arising out of operations under this Contract, as adjusted by the inflation index. Up to and including 20 0 Over 20, and up to and including 22 4 Over 22, and up to and including 24 8 Over 24, and up to and including 26 12 Over 26, and up to and including 28 18 Over 28, and up to and including 30 24 Over 30 30 15.3.6.4.2 Internal rate of return 15.3.6.4.2.1 The internal rate of return (“IRR”) shall be computed based on the Contractor’s annual cash flows adjusted by the inflation index using the following formula: IRR – internal rate of return; 43 NPV – net present value; r1 – discount rate (interest rate), which makes NPV equal to the minimum positive value of (NPV (r1)); and r2 – discount rate (interest rate), which makes NPV equal to the minimum negative value of (NPV (r2)). 15.3.6.4.2.2 Net present value (NPV) shall be computed using the following formula: NPV – net present value; AACF – adjusted annual cash flow; AACF1 – adjusted annual cash flow in the first year; AACF2 – adjusted annual cash flow in the second year; … AACFn – adjusted annual cash flow in the nth year; @r – discount rate, which makes NPV equal to the minimum positive value (NPV(r1)) and maximum negative value (NPV(r2)); r discount rate (interest rate); 1,2, ...n – reporting year. 15.3.6.4.2.3 The minimum positive value and maximum negative value shall mean the value of NPV computed using the method of substitution accurate to one hundredth (0.01).
Sample 1
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Excess profit tax. 16.2.4.5.1. The Contractor shall calculate the Excess profit tax based on the achieved level of the internal profit rate at the end of the tax period according to the following rates: Internal profit rate (IPR), % Tax rate to excess profit in % to the net profit for the reporting year Less or equal to 20% 0 more 20% but less or equal to 22% 4 more 22% but less or equal to 24% 8 more 24% but less or equal to 26% 12 more 26% but less or equal to 28% 18 more 28% but less or equal to 30% 24 More 30% 30
Sample 1
Excess profit tax. 16.2.5.4.1. Contractor shall make computation and payment of excess profit tax in accordance with the article 307, Tax Code. 16.2.5.4.2. Declaration of Article 311.
Sample 1
Excess profit tax. 15.2.4.5.1. The Contractor shall calculate the Excess profit tax based on the achieved level of the internal profit rate at the end of the tax period according to the following rates: Internal profit rate (IPR), % Tax rate to excess profit in % to the net profit for the reporting year Less or equal to 20% 0 more 20% but less or equal to 22% 4 more 22% but less or equal to 24% 8 more 24% but less or equal to 26% 12 more 26% but less or equal to 28% 18 more 28% but less or equal to 30% 24 More 30% 30 15.2.4.5.2. The object of taxation to excess profit shall be the sum of Contractor’s net profit determining in accordance with the provisions of the Tax Code on activity carried out in the framework of Contract in tax period, according to which the Contractor received the IPR more 20% (twenty percents). 15.2.4.5.3. The Contractor shall present the tax return for excess profit to the tax body according to the registration place, not later 10 (the tenth) of April of year following the calendar year, according to the article 311 of the Tax Code.
Sample 1
Excess profit tax. 16.2.4.4.1 The Contractor shall calculate the excess profit tax on the basis of the achieved level of internal rate of return at the end of a tax period at the following rates: Internal Rate of Return (IRR), % Rate of Excess Profit Tax (%) to the net income for the reporting year Less than, or equal to, 20 0 More than 20, but less than, or equal to 22 (inclusive) 4 More than 22, but less than, or equal to 24 (inclusive) 8 More than 24, but less than, or equal 26 (inclusive) 12 More than 26, but less than, or equal to 28 18 More than 28, but less than, or equal to, 30 24 More than 30 30
Sample 1

Related to Excess profit tax

  • Payment and Year-End Adjustment Amounts accrued pursuant to this Agreement shall be payable to the Adviser as of the last day of each month. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Maximum Annual Operating Expense Limit.

  • Minimum Revenue Borrower and its Subsidiaries shall have Revenue from sales, marketing or distribution of the Product and related services (for each respective measured period, the “Minimum Required Revenue”): (a) during the twenty-four month period beginning on January 1, 2015, of at least $45,000,000; (b) during the twenty-four month period beginning on January 1, 2016, of at least $80,000,000; (c) during the twenty-four month period beginning on January 1, 2017, of at least $110,000,000; and (d) during the twenty-four month period beginning on January 1, 2018, of at least $120,000,000; and (e) during the twenty-four month period beginning on January 1, 2019, of at least $120,000,000.

  • Fiscal Year; Taxable Year The fiscal year and the taxable year of the Company is the calendar year.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution. (b) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall also be subject to adjustment pursuant to Section 6.9.

  • Minimum Interest Charge If the interest charge for all balances on your Credit Card account is less than $1.00, we will charge you the Minimum Interest Charge shown on page 1. This charge is in lieu of any interest charge.

  • Annual Adjustment At the end of each Fiscal Year and following receipt by Manager of the annual accounting referred to in Article 10, an adjustment will be made to such annual account, if necessary and if available, so that the appropriate amount shall have been deposited in the Reserve.

  • Tax Payments Each Company shall be liable for and shall pay the Taxes allocated to it by this Section 2 either to the applicable Tax Authority or to the other Company in accordance with Section 4 and the other applicable provisions of this Agreement.

  • Annual Accounting Period The annual accounting period of the Company shall be its taxable year. The Company’s taxable year shall be selected by the Member, subject to the requirements and limitations of the Code.

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

  • Year-End Adjustment If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the amount of the investment advisory fees waived or reduced and other payments remitted by the Adviser to the Fund or Funds with respect to the previous fiscal year shall equal the Excess Amount.

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