Chilean Income Tax Law definition

Chilean Income Tax Law means the income tax law of Chile (Ley sobre Impuesto a la Renta), contained in Decree Law No. 824 of 1974.
Sample 1Sample 2Sample 3
Chilean Income Tax Law. Decree law 824 of 1974 sobre Impuesto a la Renta, as amended.
Sample 1Sample 2
Chilean Income Tax Law has the meaning set forth in Section 3.17(k)
Sample 1

Examples of Chilean Income Tax Law in a sentence

  • When the mining royalty tax was instituted in Chile, MVC obtained a legal opinion stating that the tax did not apply to MVC’s operations, as MVC does not exploit under the definition of the Chilean Income Tax Law.

  • The Indirect Put Option shall be implemented through a stock purchase outside of the Santiago Stock Exchange that will not provide the seller with the benefit from the exemption on capital gains set forth in Article 107 of the Chilean Income Tax Law, triggering a significant tax effect for CorpGroup.

  • Chile Chilean First Category Tax and/or Additional Tax As a general rule, the Chilean Income Tax Law provides that capital gains arising for Chilean residents from the disposal of shares in Chilean companies will first be subject to the First Category Tax (being the corporate tax applicable to Chilean entities at a current rate of 25 per cent.

  • Services contained under Article 20 No.3 and No. 4 of the Chilean Income Tax Law (hereinafter, “ITL”) are subject to VAT provided they are rendered or utilized in Chile (e.g., commercial services, industrial services, financial services, among others).

  • Those who receive taxable income under Article 42, N°2 of the Chilean Income Tax Law.

  • Chile Chilean First Category Tax and/or Additional Tax As a general rule, the Chilean Income Tax Law provides that capital gains arising for Chilean residents from the disposal of shares in Chilean companies will be subject to the First Category Tax (being the corporate tax applicable to Chilean entities at a current rate of 25 per cent.

  • In this sense, article 30 of the Chilean Income Tax Law provides that the direct cost of goods and services may be deducted.

  • All quantities that the Debtor must pay under this Agreement will be made in their entirety, net, without deductions or withholdings, whether for taxes /as for example, the tax on interest provided for under the Chilean Income Tax Law or other current or future taxes/ or for any cost or expense, including electronic transfer costs through a high-value payment system as authorized by the Central Bank, and will be borne exclusively by the Debtor.

  • Subsequent measurement of instruments classified as FVTPL under HKFRS 9 operates in a similar manner to trading under HKAS 39.

  • Monetary assets are subject to depreciation according to the general rules established by the Chilean Income Tax Law and the depreciation tables issued by the Chilean nternal Revenue Service.For these purposes, non-monetary assets are those that are protected from inflation, or those whose nature prevents currency depreciation fromaffecting their real value, except those that are protected by means of inflation- adjustment clauses established by law or agreed to by the parties involved.

Related to Chilean Income Tax Law

  • Income Tax Act means the Income Tax Act, 1962 (Act No. 58 of 1962);

  • Foreign Income Tax means any Tax imposed by any foreign country or any possession of the United States, or by any political subdivision of any foreign country or United States possession, which is an income tax as defined in Treasury Regulation Section 1.901-2, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Non-Income Tax Return means any Tax Return relating to any Tax other than an Income Tax.

  • Income Tax Return means any return, declaration, report, claim for refund, or information return or statement relating to Income Taxes, including any schedule or attachment thereto, and including any amendment thereof.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Tax Law means the law of any governmental entity or political subdivision thereof relating to any Tax.

  • Income Tax Returns mean all Tax Returns that relate to Income Taxes.

  • Excise Tax Act means the Excise Tax Act (Canada);

  • U.S. Tax Code means the United States Internal Revenue Code of 1986, as amended; and

  • Income Tax means any federal, state, local or foreign Tax (a) based upon, measured by or calculated with respect to net income, profits or receipts (including, without limitation, capital gains Taxes and minimum Taxes) or (b) based upon, measured by or calculated with respect to multiple bases (including, without limitation, corporate franchise taxes) if one or more of the bases on which such Tax may be based, measured by or calculated with respect to, is described in clause (a), in each case together with any interest, penalties, or additions to such Tax.

  • Non-Income Tax means any Tax other than an Income Tax.

  • Consolidated federal income tax return means a consolidated return filed for federal income tax purposes pursuant to section 1501 of the Internal Revenue Code.

  • Australian Tax Act means the Income Tax Assessment Act 1936 (Cth) (Australia) or the Income Tax Assessment Act 1997 (Cth) (Australia), as applicable.

  • 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.

  • Canadian Tax Act means the Income Tax Act (Canada) and the regulations thereunder, as amended from time to time.

  • Median income means the median income by household size for the applicable housing region, as adopted annually by COAH or a successor entity approved by the Court.

  • foreign tax means any Foreign Income Taxes or Foreign Other Taxes.

  • Swiss Withholding Tax Act means the Swiss Federal Act on Withholding Tax of 13 October 1965 (Bundesgesetz über die Verrechnungssteuer), together with the related ordinances, regulations and guidelines, all as amended and applicable from time to time.

  • Foreign Investment means any investment made by a person resident outside India on a repatriable basis in capital instruments of an Indian company or to the capital of an LLP;

  • State Income Tax means any Tax imposed by any State of the United States (or by any political subdivision of any such State) or the District of Columbia, or any city or municipality located therein, which is imposed on or measured by net income, including state and local franchise or similar Taxes measured by net income, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Federal Income Tax means any Tax imposed by Subtitle A or F of the Code.

  • Income Tax Expense means for Borrower and its Subsidiaries, on a consolidated basis for any period, all state and federal franchise or income taxes paid or due to be paid during such period.

  • Non-Income Taxes means any Taxes other than Income Taxes.

  • Income Taxes means any taxes measured, in whole or in part, by net or gross income or profits together with any interest, penalties or additions to tax.

  • Transaction Payroll Taxes means the employer portion of any employment or payroll Taxes with respect to any bonuses, severance, option cashouts, Change in Control Payments or other compensatory payments in connection with the transactions contemplated by this Agreement, whether payable by Buyer, the Company or its Subsidiaries.