Basic Tax definition

Basic Tax means the tax imposed under the provisions of the Kerala Land Tax Act, 1961 (13 of 1961) ;
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Basic Tax means the tax imposed under the provision of this Act;
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Basic Tax. (as set forth in Section 3.02(c) of the Original Lease) shall mean the average of the Taxes for the July 1, 2015 to June 30, 2016 fiscal year and the Taxes for the July 1, 2016 to June 30, 2017 fiscal year. For avoidance of doubt, Tenant shall not be obligated to pay any Tax Payment with respect to the period of time commencing on January 1, 2016 and ending on December 31, 2016.
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Examples of Basic Tax in a sentence

  • If the amount of the AMT exceeds the annual income tax calculated pursuant to the Income Basic Tax Act (also known as the AMT Act), the excess becomes the ROC corporate holders' AMT payable.

  • The Income Basic Tax Act of the R.O.C. (the IBTA) became effective on January 1, 2006.

  • Provide the information from the Informative Return – Excluded and Exempt Income and Exempt Income Subject to Alternate Basic Tax (Form 480.6D).

  • The Income Basic Tax Act (hereinafter referred to as the IBTA) imposes a basic tax similar to an alternative minimum tax and the implementation of this Act will enforce payment of a certain amount of basic taxes on high-income individuals and enterprises that have previously paid disproportionately low taxes or even none.

  • In order to correspond to the enactment of the IBTA, the MOF issued “The Enforcement Rules of the Income Basic Tax Act” and “The Regulations for the Calculation of the Amount of Basic Income of an Individual Derived from Transactions of Securities” on 5th June, 2006.

  • If Taxes payable in any Tax Escalation Year shall be in such amount as shall constitute an increase above Owner's Basic Tax Liability, the Fixed Rent for such Tax Escalation Year shall be increased by a sum equal to Tenant's Proportionate Share of any such increase in Taxes.

  • Line 4 – Determination of the Alternate Basic Tax per Partner or Member Enter the amount resulting from dividing the amount determined on line 3 between the total of nonresident individual partners included on the Composite Return, as reported on line 2 of Part I.

  • Schler, Basic Tax Issues in Acquisition Transactions, 116 PENN ST.

  • The Department will be presenting Basic Tax Training and Industry-Specific Training throughout the year.

  • The addenda to Articles 43-3, 43-4, and 126 of the Income Tax Act and the addenda to Article 12-1 of the Income Basic Tax Act were promulgated on 27th July, 2016 and 10th May, 2017, respectively, to stipulate the schemes of Controlled Foreign Company (CFC) and Place of Effective Management (PEM) rules in response to the international anti-avoidance trend.


More Definitions of Basic Tax

Basic Tax means the average Taxes for the 2010/11 and 2011/12 fiscal years.
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Basic Tax means Taxes for fiscal year July 1, 2002 to June 30, 2003. "Tenant's Proportionate Share" shall be deemed to be .15%.
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Basic Tax means the tax imposed under the provisions
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Basic Tax means Taxes for fiscal year July 1, 1997 to June 30, 1998. "Tenant's Proportionate Share" shall be deemed to be 2.8%.
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Basic Tax means the real estate taxes imposed on the Building containing the Demised Promises and on the land on which the Building is located for the fiscal year July 1, 2000 to June 30, 2001. If the Basic Tax shall subsequently be adjusted, corrected or reduced, whether as the result of protest, by means of agreement or as the result of legal proceedings, the Basic Tax for the purpose of computing any additional rent payable pursuant to this Article shall be the Basic Tax as so adjusted, corrected or reduced. Until the Basic Tax is so adjusted, corrected, or reduced, if ever, Tenant shall pay additional rent hereunder based upon unadjusted, uncorrected or unreduced Basic Tax and upon such adjustment, correction or reduction occurring, and additional rent paid by Tenant prior to the date of such occurrence shall be recomputed and Tenant shall pay to Owner any additional rent found due by such recomputation within ten (10) days after being billed thereof (which bill xxxll set forth in reasonable detail the pertinent data causing and comprising such recomputation).
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Related to Basic Tax

  • Additional Tax means in addition to Restaurant Tax. (C) “Additional Tax” means in addition to Commercial Lease. Review each City/Town for tax on Food for Home Consumption. (B) If you report under Hotel (Business code 044), this city has an Additional Hotel tax rate that must be applied and reported (Business Code 144). (D) Report amount due on materials purchased exempt from tax and incorporated into a Maintenance, Repair, Replacement or Alteration (MRRA) project. (E) When reporting for Short Term Motor Vehicle you must report Business Code 214 and 114 for this City.

  • Special Tax means the special tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Special Tax Requirement.

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

  • REO Tax As defined in Section 3.17(a).

  • Annual Special Tax means the Special Tax actually levied in any Fiscal Year on any Assessor’s Parcel.

  • Straddle Tax Period means a Tax period that begins on or before the Closing Date and ends after the Closing Date.

  • Tax Payment means either the increase in a payment made by an Obligor to a Finance Party under Clause 12.2 (Tax gross-up) or a payment under Clause 12.3 (Tax indemnity).

  • Property Tax means the general property tax due and paid as set

  • Base Tax Year means the property tax levy year used

  • MUNICIPAL TAXABLE INCOME means the following:

  • Use tax means a nonrecurring tax, other than a sales tax, which (a) is imposed on or with respect to the exercise or enjoyment of any right or power over tangible personal property incident to the ownership, possession or custody of that property or the leasing of that property from another including any consumption, keeping, retention, or other use of tangible personal property and (b) is complementary to a sales tax.

  • 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.

  • Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.

  • Rollback tax rate means the rate that will produce last year’s maintenance and operation tax levy (adjusted) from this year’s values (adjusted) multiplied by 1.08 plus a rate that will produce this year’s debt service from this year’s values (unadjusted) divided by the anticipated tax collection rate.

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

  • Special Taxes means any and all present or future taxes, levies, imposts, deductions, charges or withholdings, or any liabilities with respect thereto, including those arising after the date hereof as result of the adoption of or any change in law, treaty, rule, regulation, guideline or determination of a Governmental Authority or any change in the interpretation or application thereof by a Governmental Authority but excluding, in the case of Lender, such taxes (including income taxes, franchise taxes and branch profit taxes) as are imposed on or measured by Lender’s net income by the United States of America or any Governmental Authority of the jurisdiction under the laws under which Lender is organized or maintains a lending office.

  • Tax Year means a period beginning with 6th April in one year and ending with 5th April in the next;

  • Property tax increment means the amount obtained by:

  • 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.

  • Backup Annual Special Tax means the Special Tax of that name described in Section E.

  • Other Tax means any Federal Other Tax, State Other Tax, or Foreign Other Tax.

  • Additional Taxes means taxes, duties or other governmental charges imposed on the Trust as a result of a Tax Event (which, for the sake of clarity, does not include amounts required to be deducted or withheld by the Trust from payments made by the Trust to or for the benefit of the Holder of, or any Person that acquires a beneficial interest in, the Securities).

  • 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.

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

  • Applicable Taxes means the Goods and Services Tax (GST), the Harmonized Sales Tax (HST), and any provincial tax, by law, payable by Canada such as, the Quebec Sales Tax (QST) as of April 1, 2013.

  • Tax Costs which shall mean any and all real estate taxes and other similar charges on real property or improvements, assessments, water and sewer charges, and all other charges assessed, reassessed or levied upon the Project and appurtenances thereto and the parking or other facilities thereof, or the real property thereunder (collectively the "Real Property") or attributable thereto or on the rents, issues, profits or income received or derived therefrom which are assessed, reassessed or levied by the United States, the State of California or any local government authority or agency or any political subdivision thereof, and shall include Landlord's reasonable legal fees, costs and disbursements incurred in connection with proceedings for reduction of Tax Costs or any part thereof; provided, however, if at any time after the date of this Lease the methods of taxation now prevailing shall be altered so that in lieu of or as a supplement to or a substitute for the whole or any part of any Tax Costs, there shall be assessed, reassessed or levied (a) a tax, assessment, reassessment, levy, imposition or charge wholly or partially as a net income, capital or franchise levy or otherwise on the rents, issues, profits or income derived therefrom, or (b) a tax, assessment, reassessment, levy (including but not limited to any municipal, state or federal levy), imposition or charge measured by or based in whole or in part upon the Real Property and imposed upon Landlord, then except to the extent such items are payable by Tenant under Article 6 below, such taxes, assessments, reassessments or levies or the part thereof so measured or based, shall be deemed to be included in the term "Direct Costs." In no event shall Tax Costs included in Direct Costs for any year subsequent to the Base Year be less than the amount of Tax Costs included in Direct Costs for the Base Year. In addition, when calculating Tax Costs for the Base Year, special assessments shall only be deemed included in Tax Costs for the Base Year to the extent that such special assessments are included in Tax Costs for the applicable subsequent calendar year during the Term.