Current Tax definition

Current Tax means the amount of Tax determined to be payable in respect of the Relevant Period

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Current Tax shall include all Corporation Tax balances.

Current Tax means income tax expenses excluding any differed taxes. "EBITDA" means Earnings before Interest, Taxes, Depreciation and Amortisation.

Examples of Current Tax in a sentence

• Thus, the formula for calculating the Interconnection Customer's liability to the Participating TO pursuant to this Article 5.17.4 can be expressed as follows: (Current Tax Rate x (Gross Income Amount – Present Value of Tax Depreciation))/(1-Current Tax Rate).

• Consequences of Current Tax Liability Imposed Upon the Transmission Owner.

• Thus, the formula for calculating Developer’s liability to Connecting Transmission Owner pursuant to this Article 5.17.4 can be expressed as follows: (Current Tax Rate x (Gross Income Amount - Present Value of Tax Depreciation))/(1 - Current Tax Rate).

• Thus, the formula for calculating Developer’s liability to Transmission Owner pursuant to this Article 5.17.4 can be expressed as follows: (Current Tax Rate x (Gross Income Amount - Present Value of Tax Depreciation))/(1 - Current Tax Rate).

• Thus, the formula for calculating Transmission Developer’s liability to Connecting Transmission Owner pursuant to this Article 5.12.4 can be expressed as follows: (Current Tax Rate x (Gross Income Amount - Present Value Depreciation Amount))/(1 - Current Tax Rate).

• Consequences of Current Tax Liability Imposed Upon the Transmission Provider.

• Thus, the formula for calculating TrAILCo’s liability to NYSEG pursuant to this Article 5.12.4 can be expressed as follows: (Current Tax Rate x (Gross Income Amount ‐ Present Value of Tax Depreciation))/(1 ‐ Current Tax Rate).

• Thus, the formula for calculating Interconnection Customer’s liability to Transmission Owner pursuant to this Article 5.17.4 can be expressed as follows: (Current Tax Rate x (Gross Income Amount – Present Value of Tax Depreciation))/(1-Current Tax Rate).

• Thus, the formula for calculating Interconnection Customer’s liability to Connecting Transmission Owner pursuant to this Article 5.17.4 can be expressed as follows: (Current Tax Rate x (Gross Income Amount - Present Value Depreciation Amount))/(1 - Current Tax Rate).

• Thus, the formula for calculating Developer’s liability to Affected Transmission Owner pursuant to this Article 3.12.4 can be expressed as follows: (Current Tax Rate x (Gross Income Amount - Present Value of Tax Depreciation))/(1 - Current Tax Rate).

More Definitions of Current Tax

Current Tax means all taxes which are imposed during the tax year;

Current Tax shall, for any Taxable Period, mean the amount of each Group member’s Current Allocation if the Current Allocation is a positive amount.

Current Tax. Provision for current tax is made on the basis of estimated taxable income for the accounting year in accordance with the Income Tax Act, 1961.

Current Tax means the amount of income taxes payable (recoverable) in respect of the taxable amount (or recoverable from a tax loss) for a reporting period

Current Tax means federal income tax for purposes of the Internal Revenue Code (Title 26 of the United States Code) and the corresponding Treasury Regulations (Title 26 of the Code of Federal Regulations).