Common use of ICBT = P x ICBR Clause in Contracts

ICBT = P x ICBR. Where: ICBT = International Commission Business Tax for the relevant month P = the per centum specified for International Commission Business Tax in Item 1 of Schedule C for the relevant period ICBR = the Casino Taxable Revenue for International Commission Business for the relevant month relevant month = the month for which the International Commission Business Tax is due and payable under clause 23(1)(a);