Profit Tax Sample Clauses

Profit Tax. Hər bir Podratçı tərəf bu Saziş imzalanan vaxt Azərbaycan Respublikasında ümumiyyətlə tətbiq olunan və qüvvədə xxxx qanunvericiliyə müvafiq olaraq, həmçinin bu Sazişin müddəalarından irəli gələn dəyişiklikləri nəzərə almaqla, öz Karbohidrogen fəaliyyətinə görə Mənfəət vergisi üçün ayrıca məsuliyyət daşıyır. Azərbaycan Respublikasının daxili qanunvericiliyi ilə bu Sazişin müddəaları arasında hər hansı ziddiyyət yarandıqda, Sazişin müddəaları üstün tutulur. Hər bir Podratçı tərəf özünün Azərbaycan Respublikasında Karbohidrogen fəaliyyətinə aid olmayan təsərrüfat fəaliyyətinə görə Azərbaycan Respublikasında tətbiq edilən qanunlara və normativ aktlara uyğun şəkildə Mənfəət vergisi ödəmək üçün məsuliyyət daşıyır.
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Profit Tax. As a Xxxxx [0, 0, 0], Xxxx [0, 2, 3] project under the Investment Law, the Project shall be exempt from the profit tax for a period of [ten (10), six (6), four (4), two (2), one (1)] years from the Commercial Operations Date. Following the period of tax exemption, the Project Company shall pay profit tax at the rate of twenty four percent (24%), which shall be calculated in accordance with the principles listed in Annex II (Rules Of The Computation Of Profit Tax).
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Profit Tax. Hər bir Podratçı tərəf bu Saziş imzalanan vaxt Azərbaycan Respublikasında ümumiyyətlə tətbiq olunan və qüvvədə xxxx qanunvericiliyə müvafiq olaraq, həmçinin bu Sazişin müddəalarından irəli gələn dəyişiklikləri nəzərə almaqla, öz Karbohidrogen fəaliyyətinə görə Mənfəət vergisi üçün ayrıca məsuliyyət daşıyır. Azərbaycan Respublikasının
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Profit Tax. (a) It is specifically acknowledged that the provisions of this Article XII shall apply individually to each Contractor Party. The individual liability of a Contractor Party for the Profit Tax shall be based on such Contractor Party's separate share of the items of income and deductions described below in Article 12.3, consolidated with the profits or losses of its other Permanent Establishments in the Azerbaijan Republic. (b) The Profit Tax shall be imposed on the Taxable Profit of each Contractor Party for a Calendar Year at a fixed rate of twenty five percent (25%).
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Profit Tax. (a) Xüsusi olaraq qeyd edilir ki, bu 12-ci Maddənin müddəaları fərdi qaydada hər bir Podratçı Tərəfə aid edilir. Podratçı Tərəfin Mənfəət Vergisi üzrə fərdi məsuliyyəti həmin Podratçı Tərəfin aşağıdakı 12.3 bəndində təsvir edildiyi kimi gəlirlər və çıxılmalar maddələrində göstərilən və Podratçı Tərəfin Dövlətdəki digər Daimi Nümayəndəliklərinin mənfəəti və ya zərəri ilə birləşdirilmiş ayrıca payına əsaslanır. (a) It is specifically acknowledged that the provisions of this Article 12 shall apply individually to each Contractor Party. The individual liability of a Contractor Party for the Profit Tax shall be based on such Contractor Party's separate share of the items of income and deductions described below in Article 12.3, consolidated with the profits or losses of its other Permanent Establishments in the State. (b) Mənfəət Vergisi hər bir Podratçı Tərəfin Vergi Tutulan Mənfəətindən Təqvim İli üçün sabit dərəcə ilə tutulur – iyirmi beş faiz (25%).
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Profit Tax. (a) Each Contractor Party shall be severally liable for Profit Tax in respect of its Hydrocarbon Activities in accordance with the Law of the Azerbaijan Republic on Taxation of Profit and Certain Types of Income of Legal Entities, dated 9 November 1991, as enacted, and as generally applicable and in force in the Azerbaijan Republic on 1 January 1993, and as amended by the provisions of this Agreement ("Profit Tax"). In the event of any conflict between the provisions of such Law and those of this Agreement, the provisions of this Agreement shall govern. Each Contractor Party shall be liable for payment of Profit Tax in connection with its business activities in the Azerbaijan Republic that are not related to Hydrocarbon Activities, under the applicable laws and regulations of the Azerbaijan Republic. (b) It is specifically acknowledged that the provisions of this Article 12 shall apply individually to each Contractor Party. The individual liability of a Contractor Party for the Profit Tax shall be based on such Contractor Party's separate share of the items of Sales Income and Other Income and Deductions consolidated with the profits or losses of its other permanent establishments in the Azerbaijan Republic. (c) SOCAR shall in respect of each Calendar Year pay on behalf and in the name of each of the Contractor Parties Profit Tax to the State Budget in Dollars including estimated Profit Tax, and any interest, fines or penalties with respect thereto which is attributable to the failure to pay any such Profit Tax or estimated Profit Tax when it is due (except interest resulting from a Contractor Party's failure to prepare a required return by the due date therefor). SOCAR hereby guarantees to Contractor Parties that payment of each of Contractor Parties Profit Tax to the State Budget including any interest, fines or penalties as aforesaid, shall have first priority upon the proceeds of sale of Petroleum to which SOCAR is entitled under this Agreement. SOCAR shall cause the Tax Inspectorate to issue to the appropriate Contractor Party official receipts for such payments as provided for in Article 12.3(f). Upon request of any Contractor Party, SOCAR shall provide to such Contractor Party within ten (10) days of such request a document (in a form acceptable to all Contractor Parties) confirming direct evidence of the actual transfer of funds to the State Budget in satisfaction of SOCAR's obligation as described in the preceding sentence. For purposes of computi...
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Profit Tax. (i) Each of the MEP Participants shall be liable for profit tax in accordance with the Law of the Azerbaijan Republic on Taxation of Profit and Certain Types of Income of Legal Entities, dated 9 November 1991, as enacted and generally applicable and in force in the Territory on 1 January 1999, and as amended by the provisions of this Article 8, in respect of its Project Activities for each Year (the “Profit Tax”). (ii) The Profit Tax shall apply individually to each MEP Participant. The individual liability of an MEP Participant for Profit Tax for a Year shall be based on such MEP Participant’s separate share of the items of Income and Deductions described below. (iii) The Profit Tax shall be imposed on the Taxable Profit of each of the MEP Participants for a Year related to Project Activities at a fixed rate of twenty- seven percent (27%), which is the rate generally imposed under the Law of the Azerbaijan Republic on Taxation of Profit and Certain Types of Income of Legal Entities, dated 9 November 1991, as enacted and generally applicable and in force in the Territory and as amended as of 1 January 2000 by Law No. 718-IQD dated 27 October 1999. An MEP Participant’s Taxable Profit for a Year shall be equal to the excess, if any, of its Income over its Deductions for the Year. An MEP Participant’s Taxable Loss for a Year shall be equal to the excess, if any, of its Deductions over its Income for the Year. The amount of any Taxable Loss of an MEP Participant for a Year shall be carried forward without limitation to the succeeding Year and to subsequent Years, shall be treated as a Deduction for such succeeding Year(s), one at a time in chronological order, and shall offset the MEP Participant’s Taxable Profit in full without limitation in such Year(s) until such time as the Taxable Loss is wholly offset against the MEP Participant’s Taxable Profit. (iv) For purposes of determining the amount of the Taxable Profit or Taxable Loss of an MEP Participant for a Year, Income shall be equal to the sum of the Tariff Income and the Other Income received by the MEP Participant during the Year.
Sample 1
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Profit Tax. Hər Podratçı tərəf öz Karbohidrogen fəaliyyətinə münasibətdə Mənfəət vergisi üçün ayrıca məsuliyyət daşıyır. Azərbaycan Respublikasının hər hansı daxili qanunu ilə bu Saziş arasında hər hansı ziddiyət yarandıqda, Sazişin müddəaları üstün tutulur. Hər Podratçı tərəf özünün Azərbaycan Respublikasında Karbohidrogen fəaliyyətinə aid olmayan təsərrufat (a) Each Contractor Party shall be severally liable for Profit Tax in respect of its Hydrocarbon Activities. In the event of any conflict between the provisions of internal law of the Republic of Azerbaijan and those of this Agreement, the provisions of this Agreement shall govern. Each Contractor Party shall be liable for payment of Profit Tax in connection fəaliyyətinə görə Azərbaycan Respublikasında tətbiq edilən qanunlara və reqlamentlərə uyğun şəkildə Mənfəət vergisi ödəmək üçün məsuliyyət daşıyır. with its business activities in the Republic of Azerbaijan that are not related to Hydrocarbon Activities, under the applicable laws and regulations of the Republic of Azerbaijan.
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Related to Profit Tax

  • Gift Tax Transfers of your IRA assets to a named Beneficiary made during your life and at your request, may be subject to federal gift tax under IRC Sec. 2501.

  • DAC TAX The Company and the Reinsurer agree to the DAC Tax Election pursuant to Section 1.848-2(g)(8) of the Income Tax Regulations effective December 29, 1992, under Section 848 of the Internal Revenue code of 1986, as amended, whereby: 12.1.1 The party with the net positive consideration for this Agreement for each taxable year will capitalize specified policy acquisition expenses with respect to this Agreement without regard to the general deductions limitation of Section 848(c)(1); and 12.1.2 Both parties agree to exchange information pertaining to the amount of net consideration under this Agreement each year to ensure consistency. To achieve this, the Company shall provide the Reinsurer with a schedule of its calculation of the net considerations for all reinsurance agreements in force between them for a taxable year by no later than May 1 of the succeeding year. The Reinsurer shall advise the Company no later than May 31, otherwise the amounts will be presumed correct and shall be reported by both parties in their respective tax returns for such tax year. If the Reinsurer contests the Company's calculation of net consideration, the parties agree to act in good faith to resolve any differences within thirty (30) days of the date the Reinsurer submits its alternative calculation and report the amounts agreed upon in their respective tax returns for such year. The term "net consideration" will refer to the net consideration as defined in Regulation Section 1.848-2(f). The Company and the Reinsurer will report the amount of net consideration in their respective federal income tax returns for the previous calendar year. The Company and the Reinsurer will also attach a schedule to their respective federal income tax returns which identifies the Agreement as a reinsurance agreement for which the DAC Tax Election under Regulation Section 1.848.2 (g) (8) has been made. This DAC Tax Election will be effective for all years for which this Agreement remains in effect. The Company and the Reinsurer represent and warrant that they are subject to U.S. taxation under either the provisions of subchapter L of Chapter 1 or the provisions of subpart F of subchapter N of Chapter 1 of the Internal Revenue Code of 1986, as amended.

  • Minimum Net Income If as of the last day of any calendar month within a fiscal quarter of the Seller, the Seller’s consolidated Adjusted Tangible Net Worth is less than [***] or the Seller, on a consolidated basis, has cash and Cash Equivalents in an amount that is less than [***], in either case, the Seller’s consolidated Net Income for that fiscal quarter before income taxes for such fiscal quarter shall equal or exceed [***].

  • Income Tax During each taxation year, the participating employee's income tax liability shall be in accordance with the Income Tax Act and directives from Canada Revenue Agency. Similarly, the withholding tax deducted at source by the College shall be in accordance with the Income Tax Act and directives from Canada Revenue Agency.

  • Net Income and Net Loss All net income or net loss of the Company shall be for the account of the Member.

  • Income In determining individual “income,” Subscriber should add to Subscriber’s individual taxable adjusted gross income (exclusive of any spousal income) any amounts attributable to tax exempt income received, losses claimed as a limited partner in any limited partnership, deductions claimed for depletion, contributions to an IXX or Kxxxx retirement plan, alimony payments, and any amount by which income from long-term capital gains has been reduced in arriving at adjusted gross income.

  • Tax Benefit Payments Section 3.1 Payments 12 Section 3.2 No Duplicative Payments 13

  • Income Taxes The authority citation for part 1 continues to read in part as follows: Authority: 26 U.S.C. 7805 * * * EXHIBIT G-2 FORM OF TRANSFEROR CERTIFICATE __________ , 20__ Residential Funding Mortgage Securities I, Inc. 8400 Normandale Xxxx Xxxxxxxxx Xxxxx 000 Xxxxxxxxxxx, Xxxxxxxxx 00000 [Xxxxxxx] Xxxention: Residential Funding Corporation Series _______ Re: Mortgage Pass-Through Certificates, Series ________, Class R[-__] Ladies and Gentlemen: This letter is delivered to you in connection with the transfer by _____________________ (the "Seller") to _____________________(the "Purchaser") of $______________ Initial Certificate Principal Balance of Mortgage Pass-Through Certificates, Series ________, Class R[-__] (the "Certificates"), pursuant to Section 5.02 of the Series Supplement, dated as of ________________, to the Standard Terms of Pooling and Servicing Agreement dated as of ________________ (together, the "Pooling and Servicing Agreement") among Residential Funding Mortgage Securities I, Inc., as seller (the "Company"), Residential Funding Corporation, as master servicer, and __________, as trustee (the "Trustee"). All terms used herein and not otherwise defined shall have the meanings set forth in the Pooling and Servicing Agreement. The Seller hereby certifies, represents and warrants to, and covenants with, the Company and the Trustee that:

  • Net Income Except as otherwise provided herein, Net Income for any Partnership Year or other applicable period shall be allocated in the following order and priority: (A) First, to the General Partner to the extent the cumulative Net Loss allocated to the General Partner pursuant to subparagraph (ii)(F) below exceeds the cumulative Net Income allocated to the General Partner pursuant to this subparagraph (i)(A); (B) Second, to each DRO Partner until the cumulative Net Income allocated to such DRO Partner pursuant to this subparagraph (i)(B) equals the cumulative Net Loss allocated to such DRO Partner under subparagraph (ii)(E) below (and, among the DRO Partners, pro rata in proportion to their respective percentages of the cumulative Net Loss allocated to all DRO Partners pursuant to subparagraph (ii)(E) below); (C) Third, to the General Partner until the cumulative Net Income allocated to the General Partner pursuant to this subparagraph (i)(C) equals the cumulative Net Loss allocated to the General Partner pursuant to subparagraph (ii)(D) below; (D) Fourth, to the holders of any Partnership Interests that are entitled to any preference in distribution upon liquidation until the cumulative Net Income allocated under this subparagraph (i)(D) equals the cumulative Net Loss allocated to such Partners under subparagraph (ii)(C); (E) Fifth, to the holders of any Partnership Units that are entitled to any preference in distribution in accordance with the rights of any other class of Partnership Units until each such Partnership Unit has been allocated, on a cumulative basis pursuant to this subparagraph (i)(E), Net Income equal to the amount of distributions received which are attributable to the preference of such class of Partnership Unit (and, within such class, pro rata in proportion to the respective Percentage Interests as of the last day of the period for which such allocation is made); and (F) Thereafter, with respect to Partnership Units that are not entitled to any preference in distribution or with respect to which distributions are not limited to any preference in distribution, pro rata to each such class in accordance with the terms of such class (and, within such class, pro rata in proportion to the respective Percentage Interests as of the last day of the period for which such allocation is being made).

  • Business Tax The Consultant represents and warrants that it currently has a City business tax certificate or exemption, if qualified, and will maintain such certificate or exemption for the Master Agreement term.

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