Corporate Income Taxes definition

Corporate Income Taxes means, with respect to any entity, such entity's United States Federal and State income taxes and franchise taxes (however denominated) based on such entity's actual net earnings or any similar taxes (however denominated) payable by such entity to any jurisdiction based on such entity's actual net earnings, it being agreed that any taxes (however denominated) required to be withheld by any jurisdiction in order to permit the remittance of monies from any such jurisdiction will not be deemed to be a tax based on the actual net earnings of such entity.
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Corporate Income Taxes means the amount of United States federal and state income taxes due and payable by Borrower, with respect to income of Borrower derived from the Properties and the other Collateral.
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Corporate Income Taxes means federal and state income taxes paid or payable by the Borrower.
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Examples of Corporate Income Taxes in a sentence

  • In lieu of Corporate Income Taxes, the Shareholders of an "S" Corporation are taxed on their proportionate share of the Company's Taxable Income.

  • The standard required a change from the deferred method of accounting for income taxed under Handbook Section 3470, Corporate Income Taxes, to the asset and liability method of accounting for income taxes.

  • Revenues from Personal and Corporate Income Taxes, as well as Harmonized Sales Taxes are accrued in the year earned based upon estimates using statistical models.

  • The Assignee will be exempt from the impositions of Value Added Tax (VAT) and Corporate Income Taxes for the duration of the contract and the option of renewal thereof.

  • The income tax asset represents the portion of prepayments for Corporate Income Taxes and Trade Taxes in Germany that have been estimated for the full financial year 2023 but not yet offset by income tax expenses calculated for the six month ended June, 30, 2023.

  • Personal and Corporate Income Taxes Personal Income TaxesNew Brunswick’s provincial personal and corporate income taxes are collected and administered by the federal government under a federal-provincial tax collection agreement.The table below shows the New Brunswick provincial personal income tax rates from 2018 to 2020.Provincial income tax credit amounts and tax brackets are indexed annually by national CPI.

  • For example, revenues from Personal and Corporate Income Taxes, Federal Equalization payments and Canada Health and Social Transfers are accrued in the year earned based on estimates using statistical models.

  • Revenues from Personal and Corporate Income Taxes, Harmonized Sales Taxes, Federal Equalization payments and the Canada Health and Social Transfers are accrued in the year earned based upon estimates using statistical models.

  • Revenues from Personal and Corporate Income Taxes, as well as Harmonized Sales Tax, are accrued in the year earned based upon estimates using statistical models.

  • Bermuda Corporate Income Taxes are expected to be a covered tax and will reduce Pillar Two top-up taxes which would otherwise be payable to other jurisdictions.


More Definitions of Corporate Income Taxes

Corporate Income Taxes means all corporate income taxes, solidarity surcharge and local trade taxes applicable to the Group (i.e. Körperschaftssteuer, Solidaritätszuschlag and Gewerbesteuer and all comparable taxes in foreign jurisdictions).
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Related to Corporate Income Taxes

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

  • Income Taxes means any Tax which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (i) of this sentence.

  • Connection Income Taxes means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes.

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

  • 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.

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • Consolidated Income Taxes means, with respect to any Person for any period, taxes imposed upon such Person or other payments required to be made by such Person by any governmental authority which taxes or other payments are calculated by reference to the income or profits of such Person or such Person and its Restricted Subsidiaries (to the extent such income or profits were included in computing Consolidated Net Income for such period), regardless of whether such taxes or payments are required to be remitted to any governmental authority.

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

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

  • Payroll Taxes means State Unemployment Insurance (SUI), Federal Unemployment Insurance (FUI), and payments pursuant to the Federal Insurance Contributions Act (FICA).

  • Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom but excluding, for the avoidance of doubt, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.

  • Transaction Payroll Taxes means all employer portion payroll or employment Taxes incurred in connection with any bonuses, option cash-outs or other compensatory payments in connection with the Transactions.

  • Income Tax Return means any Tax Return relating to Income Taxes.

  • Incremental Income Taxes is defined in Section 6.9.

  • U.S. Taxes means any present or future tax, assessment or other charge or levy imposed by or on behalf of the United States of America or any taxing authority thereof or therein.

  • Base Taxes means the Taxes payable for the Base Tax Year.

  • Moderate Income means more than 50 percent but less than 80

  • New Taxes means (i) any Taxes enacted and effective after the Effective Date, including, without limitation, that portion of any Taxes or New Taxes that constitutes an increase, or (ii) any law, order, rule or regulation, or interpretation thereof, enacted and effective after the Effective Date resulting in the application of any Taxes to a new or different class of parties.

  • 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.

  • Net Income means, with respect to any Person, the net income (loss) of such Person, determined in accordance with GAAP and before any reduction in respect of Preferred Stock dividends.

  • Adjusted gross income means that term as defined in section 62 of the internal revenue code of 1986.

  • Local taxes means all taxes levied other than taxes levied for school operating purposes.

  • Distribution Taxes means any Taxes incurred solely as a result of the failure of the Intended Tax Treatment of the Restructuring, the Contribution or the Distribution.